132 Hellems Avenue, Welland, ON L3B 3B3
Welland, ON L3B 3B3
About this property
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 facts & features
- Property type
- Fourplex
- MLS® number
- X13847016
- Source status
- New
- Bedrooms
- 7
- Bathrooms
- 4
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- L3B 3B3
- Parking spaces
- 5
- Garage
- Detached
- Lot depth (source units)
- 117.4
- Annual property tax
- 4982
- Basement
- Full, Partially Finished
- Laundry
- Not provided
- Interior features
- Separate Hydro Meter
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $649,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Welland →Listing brokerage: REVEL Realty Inc., Brokerage. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13847016. Information deemed reliable but not guaranteed.