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 & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12996888
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	16,598 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	773 - Lincoln/Crowland
City	Welland
Postal Code	L3B 2L3
Province	ON
Listed Date	April 14, 2026
Days on Market	114
Price per Sq Ft	$217
Brokerage	EXP REALTY