81 Empire Street, Welland, ON L3B 2L3, Welland, ON
16598.0 sqft
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.
Property Highlights
For Sale
MLS NO.
X12996888
Type
Commercial
Sub Type
Investment
Square Footage
16598.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12996888
Lot Width
92.37
Lot Size Units
SquareFeet
Garage Type
None
Cooling
Yes
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
81 Empire Street, Welland, ON L3B 2L3
City
Welland
Neighbourhood
773 - Lincoln/Crowland
County / Region
Niagara
Province / State
ON
Postal Code
L3B 2L3
Cross Street
Empire St/Welland St
Directions
From Niagara St, head east on Empire St ; property located on south side of Empire.
Country
CA
List Price
$3,600,000
Annual Taxes
$33,926
Tax Year
2025
Possession Type
Flexible
Possession Details
TBD
Listing Office
EXP REALTY
Board
Ottawa Real Estate Board
Original Entry
2026-04-14T17:07:08Z
Media Updated
2026-04-14T17:07:08Z
Photos Updated
2026-04-14T17:07:08Z
Last Modified
2026-04-14T17:07:08Z
System Modified
2026-04-14T17:07:09.678965Z
MLS Status
New
Co List Office Name
EXP REALTY
Ddfyn
Yes
Expiration Date
2026-10-13
Heat Type Multi
Gas Forced Air Open, Other
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
641130070
Public Remarks
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.