Nest Seekers

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.

Contact

Simcoe County, Ontario
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: +1 905-851-9099
onadmin@nestseekers.com
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