81 Empire Street, Welland, ON L3B 2L3
- $3,600,000
- List Price
- $3,600,000
- MLS#
- X12996888
- Status
- ACTIVE UNDER CONTRACT
- Type
- Commercial
- SubType
- Investment
- Province
- ON
- Municipality
- Welland
- Area
- Niagara
- Neighborhood
- 773 - Lincoln/Crowland
- Subdivision
- Empire St/Welland St
Property 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.
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Additional Information
- Taxes
- $33,926
- Heat Type
- Gas Forced Air Open
- Air Conditioning
- Yes
- Lot Depth
- 200
- Garage Type
- None
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Listing courtesy of EXP REALTY.