Description

 Price: $ 3,600,000.00 MLS^®: X12996888         Location : 81 Empire Street, Welland, ON L3B 2L3

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 Description

Empire St/Welland St

Property Details

• Community: 773 - Lincoln/Crowland
• Property Type: Tenant/Commercial
• Garages: None

Building Features

Features

• Heating: Gas Forced Air Open

Media