$649,000
 $3,484 est/mo Sourced by Back At You

132 Hellems Avenue,Welland (Welland Downtown), ON L3B3B3

Welland (Welland Downtown), ON L3B3B3

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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. (id:13843)

Details

MLS #X13847016
Listing TypeFor Sale
StatusActive
Days On Site19
Listing Provided ByREVEL Realty Inc., Brokerage | Vichit Altmann

Features

Bed(s)7
Bath(s) 4 Total
SQ Feet3,500
Garage5
BasementY
Story(s)2

Interior

CoolingNone
HeatingRadiant heat, Natural gas
AppliancesAll, Washer, Dryer
Fireplace Yes / NoNo

Exterior

Foundation DetailsBlock

Parking

Parking FeaturesDetached Garage, Garage
Parking Total5

Utilities

SewerSanitary sewer
Water SourceMunicipal water

Taxes

Tax Annual Amount4982
Tax Year2025

Area Information

ProvinceON
CityWelland (Welland Downtown)
Postal CodeL3B3B3
Listing VS Median (in L3B3B3)
Price:
$649,000
low | high
Med:
$649,000
50% of Average
sqft:
3,500
low | high
Med:
3,500
50% of Average
$ / sqft:
$185
low | high
Med:
$185
50% of Average
On site:
19
low | high
Med:
19
100% of Average
Sourced by Back At You

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Additional Information

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Contact

Learn More About This Property

Paul Liberatore

Paul Liberatore

Sutton Centre Realty

Sales Representative, (604) 788-0463paull@sutton.com
ProvinceON
CityWelland (Welland Downtown)
Postal CodeL3B3B3
Listing VS Median (in L3B3B3)
Price:
$649,000
low | high
Med:
$649,000
50% of Average
sqft:
3,500
low | high
Med:
3,500
50% of Average
$ / sqft:
$185
low | high
Med:
$185
50% of Average
On site:
19
low | high
Med:
19
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $486K - $811K
sqft: 2,500 - 4,000
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Listing Updated: October 2, 2026 at 1:57:40 AM PDT

Paul Liberatore - Sutton