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81 Empire St 12 Unit Apartment Building $3,600,000 CAD ($300,000 CAD/Unit) 5.50% Cap Rate Welland, ON L3B 2L3
Investment Highlights
- Fully renovated 17-unit building designed for low-maintenance operations.
- Located within Welland’s Lincoln/Crowland area, minutes from regional amenities and major roads.
- Five newly added units exempt from Ontario rent control for enhanced revenue growth.
Executive Summary
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.
Property Facts
| Price | $3,600,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $300,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 5.50% | Building Size | 10,959 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1971 |
| Zoning | RM | ||
| Price | $3,600,000 CAD |
| Price Per Unit | $300,000 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 10,959 SF |
| No. Stories | 3 |
| Year Built | 1971 |
| Zoning | RM |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 615 |
| 2+1 | 5 | - | 714 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
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81 Empire St
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