




7 Beds
4 Baths
C$649,000
132 Hellems Avenue, Welland ON, L3B 3B3
Property typeMulti-family
Overview
Active
New
Listed Oct 1, 2026
Updated 9 days ago
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.
Additional information
- MLS® ID
- X13847016
Interior Features
- Bedrooms
- 7
- Bathrooms
- 4
- Heating
- Yes
- Basement
- Yes
Other Property Details
- Taxes
- $4,982
- Tax Frequency
- Annually
- Garage
- Yes
Courtesy of Listed by , REVEL Realty Inc., Brokerage,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
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Data last updated 3:51 AM UTC, 10/2/2026