$1,999,000
Est. payment $8,851/moCalculate yours
59 Empire Street, Welland, ON L3B 2L3
773 - Lincoln/Crowland, Welland, ON L3B 2L3
- 0 Beds
- 11 Baths
- 5,000 Sq Ft
Listing courtesy of COLLIERS INTERNATIONAL NIAGARA LTD. MLS® X13813298
About this home
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,
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 5,000 sqft
Interior
- Bedrooms
- 0
- Bathrooms
- 11
- Kitchens
- 11
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Flat
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Parking
- None garage · 28 total
- Zoning
- RM
Financial
- Property Taxes
- $9,641 (2025)
Location
- Neighbourhood
- 773 - Lincoln/Crowland
- Cross Street
- East Main Street
- Direction Faces
- West
Listing
- MLS® Number
- X13813298
- Days on Market
- 26
- Listed On
- 2026-09-22
- Possession
- flexible
- Listed By
- COLLIERS INTERNATIONAL NIAGARA LTD.
Features
Interior
- Intercom
Pool
- None
- Included
- tbd
- Excluded
- any and all tenant belongings
- Rental items
- to be assumed by the purchaser
Mortgage calculator
Estimated mortgage payment
$8,851 per month
- Principal and interest
- $8,851
- Property tax
- $803
- Condo fees
- $0
- Estimated monthly cost
- $9,655
Your mortgage
- Mortgage amount
- $1,599,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,056,142
Cash to close
- Down payment
- $399,800
- Land transfer tax
- $36,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $436,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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