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.

Listing Details

MLS #

X14158412

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

November 3, 2026

Features & Extras