Exceptional turnkey 17 unit apartment building in Welland offered at a 5.
81 Empire Street
Welland L3B 2L3
Canada
Listing
| Web ID: | 5844148 |
|---|---|
| Website: | https://www.nestseekers.com/5844148 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:C3,600,000
($2,573,100)
(€2,291,300)
Annual Taxes:C33,926
Description
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.

