Gurvinder Nokwal REALTOR®
For Sale Multiplex 26 days on market

$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
Map

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

Minimum for this price: $399,800 (20%)

Amortization, years

Estimated mortgage payment

$8,851 per month

Principal and interest
$8,851
Property tax
$803
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
Total, before legal fees
$436,255
Talk to me about financing

Estimates 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

59 Empire Street, Welland, ON L3B 2L3 773 - Lincoln/Crowland, Welland, ON L3B 2L3
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,999,000 59 Empire Street, Welland, ON L3B 2L3
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