59 Empire St is an 11-bathroom multiplex in Welland, listed for $1,999,000. It has 5000 + sq ft of living space.
1The 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.
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,
works out to roughly $400 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 59 Empire St
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
5000 + sq ftas stated on the listing
Parking
28 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
28
Interior
Basement
None
Lot & land
Lot size (sqft)
42022
Listing & possession
Property style
2-Storey
Property class
Multiplex
59 Empire St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13813298$1,999,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 59 Empire St Compares to the Welland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$9,820
/mo
based on the purchase price of $1,999,000
$399,800 cash
$1,599,200 financed
$1,346,946 total interest
Principal54%$1,599,200
Interest46%$1,346,946
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 59 Empire St
Homes for sale in Welland
Every active Welland MLS® listing, updated all day.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings444Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with May 7 – Aug 5, 2026: prices down.
Based on 273 sales from Aug 5 – Nov 3, 2026 (243 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 59 Empire St
How much is 59 Empire St listed for?
59 Empire St is listed at $1,999,000 (MLS® X13813298). Summitly updates the price as soon as the MLS® record changes.
Is $1,999,000 a good price for 59 Empire St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Welland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 59 Empire St changed?
No — 59 Empire St is still listed at its original asking price of $1,999,000.
How many bedrooms and bathrooms does 59 Empire St have?
59 Empire St has 11 bathrooms, with about 5,000 square feet of living space. It is a multiplex in Welland.
How much would the monthly mortgage be on 59 Empire St?
About $9,820 a month — principal and interest on $1,999,000 with 20% down ($399,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 59 Empire St compare with other homes in Welland?
Its asking price of $1,999,000 is about 274% above the median sold price in Welland over the last 90 days, $535,125, across 273 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 59 Empire St been sold before?
Summitly has no earlier MLS® sale or lease of 59 Empire St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 59 Empire St?
59 Empire St is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 59 Empire St been on the market?
42 days — 59 Empire St was listed on September 22, 2026.
What is the price per square foot of 59 Empire St?
About $400 per square foot: the asking price of $1,999,000 over the 5,000 sq ft the listing gives.
Does 59 Empire St have parking or a garage?
Yes — the listing gives 28 parking spaces.
Does 59 Empire St have a basement, and is it finished?
