81 EMPIRE STREET
Welland (Lincoln/Crowland), Ontario
MLS® X12996888
$3,600,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12996888
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 51Listing 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.
Property summary
- MLS® number
- X12996888
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 16,598 sq ft
- Land size
- 92.37 x 200 FT
- Annual property taxes
- $33,926.00
- Days on market
- 134 days
Features & details
- Heating
- Forced air, Natural gas, Other
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $3,600,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.