Commercial Sale in Welland

CA$3,600,000

81 Empire, L3B 2L3, Welland, ON

UNDER OFFER

Commercial Sale for sale in Welland, 81 Empire, L3B 2L3

81 Empire, L3B 2L3, Welland, ON

CA$3,600,000

Type: Commercial Sale

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.

Location

81 Empire, L3B 2L3, Welland, ON

Data

Object TypeCommercial Sale
Purchase PriceCA$3,600,000
Living Space0 m²
Plot SizeN/A
BathroomsN/A
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeGas Forced Air Open
Primary Energy SourceN/A
Construction YearN/A
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

R

Real Estate Agent