$649,000
Available - For Sale
Listing ID: X13847016
132 Hellems Avenue , Welland, L3B 3B3, Niagara
| 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. |
| Price | $649,000 |
| Taxes: | $4982.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 132 Hellems Avenue , Welland, L3B 3B3, Niagara |
| Directions/Cross Streets: | Young and Hellems |
| Rooms: | 12 |
| Rooms +: | 2 |
| Bedrooms: | 6 |
| Bedrooms +: | 1 |
| Family Room: | T |
| Basement: | Full, Partially Fi |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 4 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 4 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | 2 1/2 Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | Detached |
| Drive Parking Spaces: | 4 |
| Pool: | None |
| Approximatly Square Footage: | 3500-5000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Radiant |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| REVEL Realty Inc., Brokerage |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 768 - Welland Downtown |
| Style: | 2 1/2 Storey |
| Tax: | $4,982 |
| Beds: | 6+1 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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