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. (id:1945)
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Property details for 132 Hellems Avenue, Welland
- Type
- Multi-family
- Bedrooms
- 7
- Bathrooms
- 4
- Lot Size
- 55 x 117.4 FT
- Stories
- 2.5
- Basement
- Partially finished, Full
- Parking
- Detached Garage, Garage
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Exterior
- Vinyl siding
- Annual Taxes
- $4,982 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 132 Hellems Avenue
Active Listings
1
Min Price
$649,000
Max Price
$649,000
Avg Price
$649,000
Days on Market
0
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Welland, Ontario
Population
506
Median Age
40
Median Income
$22,528
Dwelling Value
$139,733
Housing Tenure
Owners 48%
Renters 54%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2
Pop. Density: 2,800.2/km²
Avg Shelter Cost: $1,209/mo
Owners with Mortgage: 91.3%
Owners Spending 30%+: 45.5%
Tenants Spending 30%+: 70.4%
English only: 80.2%
English and French: 17.8%
Neither: 1%
Median Household Income: $33,408
Median Employment Income: $23,211
Price History
Listed
October 1, 2026
by REVEL Realty Inc., Brokerage
Current Price
$649,000
Type
Multi-family
For Sale
