59 Empire Street, Welland, ON L3B 2L3
Lincoln/Crowland · L3B 2L3
$1,999,000
$400 / sq ft1 months on market
- Bathrooms
- 11
- Interior
- 5,000 sf
- Parking
- 28
- Lot
- 165 × 0 ft
What's special
- 28 parking spaces
- Intercom
About this property
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,
Features
- Intercom
Property details
Property
- Property type
- multiplex
- Bathrooms
- 11
- Interior size
- 5,000 sq ft
- Zoning
- RM
- Possession
- flexible
Interior
- Heating
- Forced Air · Gas
- Exposure
- West
Exterior & services
- Construction
- Brick
- Parking spaces
- 28
- Sewer
- Sewer
Costs
- List price
- $1,999,000
- Property taxes
- $9,641 / year (2025)
- Price per sq ft
- $400
- Rental items
- to be assumed by the purchaser
Listing
- MLS® number
- X13813298
- Status
- For sale
- Listed
- September 22, 2026
- Days on market
- 44
- Last updated
- September 22, 2026
- Listing brokerage
- COLLIERS INTERNATIONAL NIAGARA LTD.
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 100% of comparable multiplex listings in Lincoln/Crowland are asking less.
- This home
- $400 / sq ft
- Comparable median
- $379 / sq ft
Based on 15 comparable active multiplex listings in Lincoln/Crowland. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $8,842.25
- Property tax (est.)
- $803.42
- Estimated monthly
- $9,646
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $36,455
- Total due on closing
- $36,455
An estimate on the asking price of $1,999,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of COLLIERS INTERNATIONAL NIAGARA LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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