21
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$649,000
Est. payment /mo
7 Beds
4 Baths
New
132 HELLEMS AVENUE Welland (welland Downtown), ON L3B3B3
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Subdivision 768 - Welland Downtown
MLS® Listing ID X13847016
Bedrooms 7
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 5
Garage Yes
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by REVEL Realty Inc., Brokerage
NEARBY SCHOOL & BUSINESS
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