59 Empire Street, Welland, ON L3B 2L3
$2,575,000
$2,575,000

59 Empire Street

773 - Lincoln/Crowland, Welland, Niagara $2,575,000

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Studio
11 Baths
5000 + sqft
Parking for 28
West Facing
Zoning: RM
MLS®#:
X12950278
Property Type:
Multiplex
Property Style:
2-Storey
Area:
Niagara
Community:
773 - Lincoln/Crowland
Taxes:
$9,641 / 2025
Added:
April 02 2026
Lot Frontage:
165
Lot Depth:
0
Status:
Active
Outside:
Brick
Year Built:
Basement:
None
Brokerage:
COLLIERS INTERNATIONAL NIAGARA LTD.
Intersection:
East Main Street
Rooms:
Bedrooms:
Studio
Bathrooms:
11
Fireplace:
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Forced Air
Heating Fuel:

Listing Details

8-unit, two-storey residential apartment building Zoning variance in place permitting additional dwellings and residential development . Permit drawings for two new main-level units, concept plans for four units, and a 16-unit stacked townhouse proposal on the west portion of the site. Pre-consultation and site plan application completed Phase 1 ESA (2019), appraisal (2023). Data room available upon execution of NDA.

Insights

  1. Development Potential: The property has a zoning variance in place that allows for additional dwellings and residential development, including permit drawings for two new main-level units and a proposal for a 16-unit stacked townhouse, offering significant growth opportunities for investors.
  2. Ample Parking: With a total of 28 parking spaces available, this property caters well to tenants and visitors, enhancing its attractiveness and potential rental income.
  3. Strong Income Potential: Currently operating as a 7-unit residential apartment building, this property presents a solid income-generating opportunity, especially with the potential for further development and increased rental units.

Sale/Lease History of 59 Empire Street

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Neighborhood Overview

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773 - Lincoln/Crowland home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in 773 - Lincoln/Crowland

Insights for 59 Empire Street

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)