132 HELLEMS AVENUE, Welland, Ontario L3B 3B3
$649,000.00
- 7 bedrooms
- 4 bathrooms
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 ... read more
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:25417)
- Listing ID: X13847016
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 55 by 117.4 FT |
| Parking: | Detached Garage 5 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Fourplex |
| Appliances: | Dryer, Washer and All |
| HVAC: | Fireplace and Radiant Heat Natural Gas |
| Exterior: | Vinyl Siding |
| Basement: | Full (Partially Finished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Welland |
| Province: | Ontario |
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