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$ 649,000
Est. payment /mo
New
132 Hellems AVE Welland, ON L3B 3B3
6 Beds
4 Baths
UPDATED:
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
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