81 Empire Street, Welland (Lincoln/Crowland), Ontario L3B2L3
Listing courtesy of EXP REALTY.
- $3,600,000
- 16,598
- SqFt
- List Price
- $3,600,000
- MLS®
- X12996888
- Days on Market
- 105
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Living Area
- 16,598
- Lot Size Dimensions
- 92.37 x 200 FT
- Subdivision
- 773 - Lincoln/Crowland
Property 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. (id:5764)
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Additional Information
- Subdivision
- 773 - Lincoln/Crowland
- Cooling
- Fully air conditioned
- Country
- Canada
- Heating
- Forced air, Natural gas, Other
