81 Empire Street Welland (Lincoln/crowland), Ontario L3B 2L3
$3,600,000
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. (id:37072)
Property Details
| MLS® Number | X12996888 |
| Property Type | Multi-family |
| Community Name | 773 - Lincoln/Crowland |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air, Other |
| SizeInterior | 16598 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 200 Ft |
| SizeFrontage | 92 Ft ,4 In |
| SizeIrregular | 92.37 X 200 Ft |
| SizeTotalText | 92.37 X 200 Ft |
| ZoningDescription | Rm |
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Justin Salazar
Salesperson
424 Catherine St Unit 200
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Jack Anbara
Salesperson
424 Catherine St Unit 200
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Andrew Odoardi
Salesperson
7- 871 Victoria St N Unit 355a
Kitchener, Ontario N2B 3S4
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April 14 2026 06:05:05
Ottawa Real Estate Board
Exp Realty