81 Empire St - Apartments FOR SALE


Welland, ON L3B 2L3- Welland/Brookfield
$3,600,000 CAD
613-724-0895

NO PHOTO

$3,600,000 CAD
Apartments - FOR SALE
null | 5.5% Cap Rate

81 Empire St
Welland, ON L3B 2L3
Welland/Brookfield


HIGHLIGHTS

  • Fully renovated 17-unit building designed for low-maintenance operations.
  • Five newly added units exempt from Ontario rent control for enhanced revenue growth.
  • Located within Welland’s Lincoln/Crowland area, minutes from regional amenities and major roads.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,600,000 CAD

PRICE/SF

$328 CAD /SF

# OF UNITS

12

PRICE/UNIT

$300,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

RM

APN/PARCEL ID

271904001300300

ASK ABOUT THIS PROPERTY

Justin SalazareXp RealtyMore Info
613-724-0895

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Justin SalazareXp RealtyMore Info
613-724-0895

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.