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$ 3,600,000
Est. payment /mo
Active Under Contract
81 Empire ST Welland, ON L3B 2L3
16,598 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 16,598 sqft
Price per Sqft $216
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12996888
Annual Tax Amount $33,926
Tax Year 2025
Property Sub-Type Investment
Property Description
Exceptional turnkey 17-unit apartment building in Welland offered at a 5.5% cap rate with approximately $3,300,000 in assumable financing at 4.75% through June 2029. Fully renovated throughout, all suites offer modern finishes, heat pumps, and in-suite laundry, with most units featuring private balconies. A major value driver is the 5 units added around 2022, which are exempt from Ontario rent control and create outstanding future rental growth potential. Professionally managed and highly stabilized, this is a rare opportunity to acquire a low-maintenance, cash-flowing multifamily asset with built-in upside and favourable debt already in place. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer.
Location
Province ON
County Niagara
Area Niagara
Zoning RM
Interior
Cooling Yes
Inclusions To be confirmed by the Vendor.
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
Others
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Lited by EXP REALTY