81 Empire St

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.

Listing Details

MLS #

X12996888

Board

PROPTX

Market

ontario

Property Type

Investment

Style

Apartment

Garage

None

Heating

Gas Forced Air Open

Cooling

Y

Lot Size

92.37 × 200 ft

Annual Taxes

$33,926/yr

Listed By

EXP REALTY

Listed On

April 13, 2026

Features & Extras