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 balc...onies. 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.
Full Property Details
General
Business Type
-
Total Area
16598.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
-
Total Area
16598.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Exterior
Depth
200.0
Front
92.37
Lot Size
92 x 200.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
RM
Depth
200.0
Front
92.37
Lot Size
92 x 200.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
RM
Building Description
Home Type
Commercial
Subtype
Investment
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Investment
Water Supply
Municipal
Possession Date
No Data
Community
Community
Lincoln/Crowland
Community
Lincoln/Crowland
Taxes & Fees
Taxes
$33,926 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$33,926 /yr
Tax Year
2025
Occupancy
Tenant
Similar Properties(No results)
Mortgage Calculator
Calculate your estimated monthly mortgage payment
Price
$3,600,000
$
%
%
Monthly payment
By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).
The accuracy and applicability of this calculator are not guaranteed.