Room 1
Level not provided
132 Hellems Ave
Welland Downtown, Welland, Ontario L3B 3B3
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13847016
- Board
- TRREB MLS®
- Days on market
- Tax
- $4,982
- Size
- 3500-5000 sqft
- Lot
- 55 × 117.4 Feet
- Parking
- 1 Detached, 5 Parking
Listing History
Buy/Sell history for 132 Hellems Ave, Welland, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $649,000 | N/A | For Sale | X13847016 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Fourplex
- Style
- 2 1/2 Storey
- Community
- Welland Downtown
- Municipality
- Welland
Inside
- Bedrooms
- 6+1
- Bathrooms
- 4
- Bathroom Detail
- 4, 4pc
- Basement Type
- Full
- Kitchens
- 3
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Radiant
Building
- Size
- 3500-5000 sqft
- Construction
- Vinyl Siding
Parking
- Garage Type
- Detached
- Garage
- 1
- Add. Parking
- 4
- Total Parking
- 5
Land
- Sewer
- Sewers
- Lot Size
- 55 × 117.4 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- Y
- Family room
- Y
- Extras
- All appliances in each unit, Coin operated Washer and Dryer
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
13 records read 8 on record nearby 5 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m10 test or monitoring holes also recorded.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 5.8 km
Province of Ontario open data
Around the home
- Nearest rail line: 410 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- 2 recorded oil, gas or salt wells within 250 mFrom Ontario’s petroleum well records, which include old and plugged wells.
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Canada Forgings Inc. — Open Die Plant, 470 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Welland Hydro-Electric System Corp.
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion, Niagara Regional Broadband Network. Cable: Cogeco Connexion. DSL: Bell. Fixed wireless: Bell, Last Mile Wireless Internet, NWIC, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,976
- Down payment$129,800
- Mortgage amount$519,200
- Total interest$373,600
- Total cost$1,022,600
Cash flow analysis
$2,976
Total monthly payment
$3,391
Break-even down payment
100%
Cash flow-$3,391
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$649,000
$649,000
CAD
Estimated market value
Inquire about this listing
Connect directly with Kassaundra Dobson, Broker of Record.
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