Listed for:Listed 15 days ago
$649,000

132 Hellems Avenue

Welland (Welland Downtown), ON L3B 3B3

Multiplex For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 132 Hellems Avenue, Welland, Welland Downtown

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 132 Hellems Avenue, Welland, Welland Downtown

Summarized Description

  • Investor opportunity with a 7.5 Cap rate.
  • Fourplex with versatile unit mix available.
  • Two units vacant for new tenancies.
  • Additional income from coin-operated laundry.
  • Detached garage adds value and convenience.
  • Roof and boiler recently updated.
  • Spacious units provide generous living space.
  • Potential for repositioning and value addition.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,982
Land Transfer Tax Fee
$9,455

Rental Items

Rental Equipment
3 HWT

Basement Type
Full, Partially Finished

Interior Features

Interior Extras
Separate Hydro Meter
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2 1/2 Storey

Construction

Exterior Finish
Vinyl Siding
Roof
Asphalt Shingle
Foundation Details
Concrete Block
Special Designation
Unknown

Lot

Lot Front
55.00 ft
Lot Depth
117.40 ft

Inclusions

Inclusions
All appliances in each unit, Coin operated Washer and Dryer

Exclusions

Exclusions
Tenant Belongings

Parking & Garages

Garage Type
Detached
Garage Spaces
1
Parking Spaces
4
Total Garage And Parking Spaces
5

Heating & Cooling

Heat Source
Gas
Heat Type
Radiant
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
6 + 1
Washrooms
4
Kitchens
4
Family / bonus room
Yes

Washrooms

  • 4-piece

Municipality
Welland
Neighbourhood
Welland Downtown
Main cross streets
Young and Hellems
Directions
406 to East Main to Hellems

MLS® number
X13847016
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-01
Updated on
2026-10-01
Days on market
15 days
Possession type
Flexible
Co-op commission
2% + hst
Seller
Listed by
REVEL Realty Inc., Brokerage

Home Market Value

Current home valuation for 132 Hellems Avenue, Welland, Welland Downtown, Welland, ON. Listed for $649,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 132 Hellems Avenue, Welland, Welland Downtown

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Welland, ON
Minimum Down Payment Required:6.1%

5% on first $500K + 10% on $149,000 over $500K

Minimum down payment

$39,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$24,350$18,107$15,446$0
=Total mortgage
$633,112$602,207$567,096$519,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,091monthly$2,940monthly$2,769monthly$2,535monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$9,455

Total Land Transfer Tax

$9,455

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