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Ontario
Welland (Lincoln/Crowland)
81 EMPIRE STREET

$3,600,000

81 EMPIRE STREET, Welland (Lincoln/Crowland), Ontario, L3B 2L3

MLS® # X12996888

Welland (Lincoln/Crowland) ON, L3B 2L3

MLS® # X12996888

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Air Conditioning: Yes
Floor Space: 16598 sqft
Heating Type: Forced air, Other
Heating Fuel: Natural gas
Cooling Type: Fully air conditioned

Property Features:

Property Type: Multi-family
Floor Space (approx): 16598 Square Feet
Irregular: Yes
Lot Depth: 200 Feet
Lot Frontage: 92.3 Feet
Lot Size: 92.37 x 200 FT
Zoning: RM

Courtesy of: EXP REALTY

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⚠ Potential Investment Performance

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Market Price Trends

Location of 81 EMPIRE STREET, Welland (Lincoln/Crowland), Ontario, L3B 2L3

Lifestyle
Neighbourhood

Demographic Information of 81 EMPIRE STREET, Welland (Lincoln/Crowland), Ontario, L3B 2L3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,184.07

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.54 %

High school certificate or equivalent

34.08 %

Apprenticeship trade certificate/diploma

7.45 %

College/non-university certificate

26.96 %

University Degree

6.97 %

Commuter

Travel To Work

By Car

86.25 %

By Public Transit

3.88 %

By Walking

5.1 %

By Bicycle

0.0 %

By Other Methods

4.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.42 %

Houses

66.58 %

Own Vs. Rent