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:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Transaction: For sale
- Zoning Description: RM
Building
- Cooling: Fully air conditioned
- Fireplace Present: False
- Heating: Forced air, Other
- Heating Fuel: Natural gas
- Size Interior: 16598 sqft
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Size Frontage: 92 ft ,4 in
- Size Irregular: 92.37 x 200 FT
Listing provided by EXP REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 81 EMPIRE STREET in Welland Ontario. It was last modified on April 14th, 2026. Contact Biju George to schedule a viewing or to discover other Welland real estate for sale.