$3,600,000
( $216.89Per Sq Foot )
 $19,326 est/mo Sourced by Back At You

81 Empire Street,Welland, ON L3B 2L3

Welland, ON L3B 2L3

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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.

Details

MLS #X12996888
Listing TypeFor Sale
Sub-TypeResale
StatusSold Conditional
Year0
Days On Site128
Listing Provided ByEXP REALTY | X12996888 488706

Features

SQ Feet16,598
Acreage0.38

Interior

CoolingYes

Utilities

UtilitiesYes

Taxes

Tax Annual Amount33926
Tax TypeAnnual
Tax Year2025

Area Information

ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 2L3
Area773 Lincoln | Crowland
Listing VS Median (in L3B 2L3)
Price:
$3,600,000
low | high
Med:
$3,600,000
50% of Average
sqft:
16,598
low | high
Med:
16,598
50% of Average
$ / sqft:
$217
low | high
Med:
$217
50% of Average
On site:
128
low | high
Med:
128
100% of Average
Sourced by Back At You

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JACQUELINE MANITAROS

JACQUELINE MANITAROS

Coldwell Banker The Real Estate Centre

Accredited Buyer Representative, SRES (416) 669-3192jacqueline@gtarealestatesold.com
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 2L3
Area773 Lincoln | Crowland
Listing VS Median (in L3B 2L3)
Price:
$3,600,000
low | high
Med:
$3,600,000
50% of Average
sqft:
16,598
low | high
Med:
16,598
50% of Average
$ / sqft:
$217
low | high
Med:
$217
50% of Average
On site:
128
low | high
Med:
128
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.7M - $4.5M
sqft: 12,000 - 20,500
Nearby Listings Property ImageNearby Listings Details
24 Burgar Street Property Photo 1
$500,000
24 Burgar Street
Welland, ON L3B 2S7
162 Hagar Street Property Photo 1
$2,050,000
162 Hagar Street
Welland, ON L3B 4J8
Listing Updated: May 15, 2026 at 4:54:53 PM PDT