132 Hellems Avenue,Welland, ON L3B 3B3
Welland, ON L3B 3B3
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.
Details
| MLS # | X13847016 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 19 |
| Listing Provided By | REVEL Realty Inc., Brokerage | X13847016 344728 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.15 |
Interior
| Interior Features | Separate Hydro Meter |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete Block |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4982 |
|---|---|
| Tax Legal Description | LT 24 PL 578; PT LT 25 PL 578 AS IN RO665952 ; WELLAND |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3B3 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 3B3) | |
Price: $649,000 low | high Med: $0 On site: 19 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3B3 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 3B3) | |
Price: $649,000 low | high Med: $0 On site: 19 low | high Med: | |
