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Est. payment | /mo
11 Baths
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Est. payment | /mo
11 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X13813298
Style 2-Storey
Annual Tax Amount $9,641
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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,
Location
Province ON
County Niagara
Area Niagara
Zoning RM
Rooms
Family Room No
Basement None
Kitchen 11
Interior
Interior Features Intercom
Cooling None
Inclusions tbd
Exterior
Pool None
Roof Type Flat
Lot Frontage 165.0
Total Parking Spaces 28
Building
Foundation Concrete Block
Others
Senior Community No
ParcelsYN No
Listed by COLLIERS INTERNATIONAL NIAGARA LTD.
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