132 Hellems AVE, Welland, ON L3B 3B3
132 Hellems AVE, Welland, ON L3B 3B3
132 Hellems AVE, Welland, ON L3B 3B3
132 Hellems AVE, Welland, ON L3B 3B3
132 Hellems AVE, Welland, ON L3B 3B3
132 Hellems AVE, Welland, ON L3B 3B3
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Emily Perry

Emily Perry

+1(905) 716-1651
$ 649,000
Est. payment | /mo

6 Beds

4 Baths

Save
$ 649,000
Est. payment | /mo
Save

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 768 - Welland Downtown

MLS Listing ID X13847016

Style 2 1/2 Storey

Bedrooms 6

Annual Tax Amount $4,982

Tax Year 2025

Property Sub-Type Fourplex

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.

Location

Province ON

County Niagara

Area Niagara

Rooms

Family Room Yes

Basement Full, Partially Finished

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Gas

Exterior

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 55.0

Lot Depth 117.4

Total Parking Spaces 5

Building

Foundation Concrete Block

Others

ParcelsYN No

Listed by REVEL Realty Inc., Brokerage

Schools and Properties Nearby

Emily Perry

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(905) 716-1651

emilyperryrealtor@gmail.com

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132 Hellems AVE