81 Empire Street, Welland, ON
L3B 2L3
Listed November 6, 2026
About this property
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.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 81 Empire Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$720,000 · Minimum $720,000
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
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One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$18,751/mo
About $225,012 a year
- $15,924
- $2,827
Cash needed to close
- Down payment (20%)
- $720,000
- Ontario land transfer tax
- $76,475
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $798,975
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
81 Empire Street, Welland, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: November 6, 2026
Listing Office: EXP REALTY
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