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Real Estate Company
132 Hellems Avenue, Welland, ON L3B 3B3
- $649,000
- 7
- BD
- 4
- BA
- 3,500
- SqFt
- List Price
- $649,000
- MLS#
- X13847016
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- 2 1/2 Storey
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Welland
- Area
- Niagara
- Neighborhood
- 768 - Welland Downtown
- Subdivision
- Young And Hellems
Property Description
Investor opportunity with a 7.5 Cap rate and two units available for new tenancies! This legal non-conforming fourplex offers a versatile unit mix with a spacious 3-bedroom main-floor unit, a 3-bedroom upper unit, a 2-bedroom upper unit, and a 1-bedroom lower-level unit. The 1-bedroom lower unit is currently vacant, with the 2-bedroom upper units becoming vacant November 1, 2026, giving a new owner the valuable opportunity to select tenants and establish new tenancies for two of the four units. Additional income potential is offered through coin-operated laundry and a detached garage. With generous unit sizes, multiple income streams and the flexibility provided by two vacant units, this property offers plenty of potential for an investor looking to reposition and add value over time. Roof updated in the last 10 years and the boiler was updated in 2013.
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Additional Information
- Taxes
- $4,982
- Heat Type
- Radiant
- Heat Source
- Gas
- Air Conditioning
- None
- Family Room
- Yes
- Kitchens
- 4
- Exterior
- Vinyl Siding
- Garage Spaces
- 1
- Garage Type
- Detached
- Pool
- None
- Parking Spaces
- 5
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Listing courtesy of REVEL Realty Inc., Brokerage.