81 Empire Street
Lincoln/Crowland, Welland (Lincoln/Crowland), ON L3B2L3
$3,600,000
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. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer. (id:67282)
Property details
- MLS® number
- X12996888
- Property type
- Multi-Family
- Building style
- Multi-Family
- Lot size
- 92.37 x 200 FT
- Annual taxes
- $33,926
- Neighbourhood
- Lincoln/Crowland
- Listed
- Apr 14, 2026
Highlights
- Heating: Forced air, Natural gas, Other
- Fully air conditioned
Location
Listed by eXp Realty. Information deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and REALTOR® are trademarks of The Canadian Real Estate Association (CREA). View this listing on REALTOR.ca