132 HELLEMS AVENUE
Welland (Welland Downtown), Ontario
MLS® X13847016
$649,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13847016
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- —
1 / 21Listing 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.
Property summary
- MLS® number
- X13847016
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 55 x 117.4 FT
- Annual property taxes
- $4,982.00
- Parking
- 5 spaces · Detached Garage, Garage
- Days on market
- 14 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- Partially finished, Full
- Appliances
- All, Washer, Dryer
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $649,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REVEL Realty Inc., Brokerage, Niagara Falls.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.