Listed for:Listed 23 days ago
$1,999,000

59 Empire Street

Welland (Lincoln/Crowland), ON L3B 2L3

Multiplex For Sale
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Sale & Price History for 59 Empire Street, Welland, Lincoln/Crowland

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 59 Empire Street, Welland, Lincoln/Crowland

Summarized Description

  • Investment opportunity with 8 residential units.
  • Potential for increased density within existing structure.
  • Proposed development for 16 stacked townhouses.
  • Stable rental income from fully leased units.
  • Located on approximately 0.96 acres.
  • Zoned for medium density residential use.
  • Pre-development costs already incurred.
  • Includes associated parking for new development.

59 Empire Street, Welland features a fully leased multi-residential investment and intensification opportunity situated on approximately 0.96 acres, former bank building currently configured with 8 residential units and documented potential for increased density within the existing structure. The property also includes a proposed 16-unit stacked townhouse development at the rear, with associated parking, providing the opportunity to significantly expand the residential component of the site. Zoned RM - Residential Medium Density, the property combines stable existing rental income with additional residential intensification and new development potential, "Significant pre-development soft costs have been incurred, including municipal pre-consultation, planning, architectural design and detailed site-plan preparation,

Key Facts & Features

Property Costs

Annual Property Tax Amount
$9,641
Land Transfer Tax Fee
$36,455

Rental Items

Rental Equipment
to be assumed by the purchaser

Basement Type
None

Interior Features

Interior Extras
Intercom
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Brick
Roof
Flat
Foundation Details
Concrete Block
Special Designation
Unknown

Lot

Lot Front
165.00 ft
Lot Size
42022

Inclusions

Inclusions
tbd

Exclusions

Exclusions
any and all tenant belongings

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
28
Total Garage And Parking Spaces
28

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Washrooms
11
Kitchens
11

Washrooms

  • 4-piece

Municipality
Welland
Neighbourhood
Lincoln/Crowland
Main cross streets
East Main Street
Zoning
RM
Directions
406 South to East Main Street to Empire Street

MLS® number
X13813298
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-22
Updated on
2026-09-22
Days on market
23 days
Possession type
Flexible
Co-op commission
2%+HST
Seller
Listed by
COLLIERS INTERNATIONAL NIAGARA LTD.

Home Market Value

Current home valuation for 59 Empire Street, Welland, Lincoln/Crowland, Welland, ON. Listed for $1,999,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 59 Empire Street, Welland, Lincoln/Crowland

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

Insufficient Data
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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Welland, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$399,800

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$1,599,200$1,499,250$1,399,300$1,299,350
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$7,808monthly$7,320monthly$6,832monthly$6,344monthly
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Land Transfer Tax

Provincial

$36,455

Total Land Transfer Tax

$36,455

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