$649,000
6.97 BTC
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132 Hellems Avenue, Welland
$649,000
PRICE
6 + 1
BEDROOMS
4
BATHROOMS
X13847016
MLSID

132 Hellems Avenue, Welland

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.
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Summary

Address
132 Hellems Avenue
MLSID
X13847016
Property Type
Fourplex
Property Category
Bedrooms
6 + 1
Bathrooms
4
Kitchens
3 + 1
Taxes (Annual)
$4,982.00
Tax Year
2025
Published
October 1, 2026
Days on Market
26 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

All appliances in each unit, Coin operated Washer and Dryer

Exclusions

Tenant Belongings

Details

Basement
Full, Partially Finished
Interior Features
Separate Hydro Meter
Parking Spaces
4
Parking Total
5
Architectural Style
2 1/2 Storey
Roof
Asphalt Shingle
Construction Materials
Vinyl Siding
Lot Width
55 Feet
Lot Depth
117 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with REVEL Realty Inc., Brokerage
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