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Sold Conditional
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Sold Conditional 81 Empire Street, Welland, ON L3B 2L3
773 - Lincoln/Crowland · Welland · ON
$3,600,000For Sale
Updated 23 hours ago
16,598 sq ftLiving area
InvestmentProperty type
About this property
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.
Property details
- MLS® Number
- X14158412
- Status
- Active Under Contract / Sold Conditional
- Transaction
- For Sale
- Property Type
- Commercial
- Property Subtype
- Investment
- Lot Size
- Feet
- Lot Width
- 92.37
- Lot Depth
- 200.00
- Taxes
- $33,926
- Tax Year
- 2025
- Garage
- None
- Heating
- Gas Forced Air Open
- Cooling
- Yes
- Cross Street
- Empire St/Welland St
- Directions
- From Niagara St, head east on Empire St ; property located on the south side of Empire.
- Occupancy
- Tenant
Building & Construction
- Building area
- 16598
Parking & Garage
- Garage
- None
Community & Neighbourhood
- Cross street
- Empire St/Welland St
Utilities & Services
- Utilities
- Yes
Location
Listing courtesy of
EXP REALTY
Property History
- Listed
- November 6, 2026 2:45 PM
- Listing updated
- November 9, 2026 4:55 PM
- System updated
- November 9, 2026 4:55 PM
- Photos changed
- November 6, 2026 2:45 PM
- Media changed
- November 6, 2026 2:45 PM
- Imported locally
- November 9, 2026 6:00 PM