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$ 3,600,000
Est. payment | /mo
16,598 SqFt
$ 3,600,000
Est. payment | /mo
16,598 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 16598
Square Footage 16,598 sqft
Price per Sqft $216
Subdivision 773 - Lincoln/Crowland
MLS® Listing ID X12996888
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air, Other,
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Listed by EXP REALTY
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