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Investment signal

$3,600,000

81 EMPIRE STREET

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Welland (Lincoln/Crowland). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: 773 - Lincoln/Crowland
Living area: 16,598 square feet
Lot dimensions: 92.37 x 200 FT
On market: Apr 14, 2026
Status changed: Apr 24, 2026
Annual tax: $33,926 (2025)
Zoning: RM
Photos: 50
MLS#: X12996888
Area: WELLAND_(LINCOLN/CROWLAND)

Features and systems

Heating

Forced airNatural gasOther

Cooling

Fully air conditioned

Negative cash flow ~$3,723/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.20%

Cap rate

3.62%

GRM

16.7

Break-even rent

$21,918

Financing

Down payment$720,000

Loan amount$2,880,000

Mortgage$14,593/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,650

Insurance$80

Maintenance$3,000

CapEx reserve$1,500

Vacancy loss$900

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $14,593/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.