132 Hellems Avenue, Welland, ON L3B 3B3
768 - Welland Downtown, Welland · Near Young and Hellems · View map
About this home
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.
The home
- Type
- Fourplex
- Style
- 2 1/2 Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 6
- Basement bedrooms
- 1
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 12
- Basement
- Full, Partially Finished
- Lot size
- 55 x 117.4 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 4
- Total parking
- 5
Taxes & other
- Property taxes
- $4,982/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Young and Hellems
- Neighbourhood
- 768 - Welland Downtown
More
- Price per sq ft
- ~$153 (at 4,250 sq ft)
- MLS® number
- X13847016
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The home and its surroundings
- Separate Hydro Meter
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
132 Hellems Avenue, Welland, ON L3B 3B3
768 - Welland Downtown, Welland · Near Young and Hellems
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Listing history for 132 Hellems Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 132 Hellems Avenue
Answers come straight from this home’s MLS® listing.
How much is 132 Hellems Avenue listed for, and what would it cost each month?
132 Hellems Avenue is listed for $649,000. With 20% down ($129,800), the mortgage payment would be roughly $2,618 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,033 a month, all in. That figure is an illustration, not a quote.
Is 132 Hellems Avenue freehold or a condo, and is there a monthly fee?
132 Hellems Avenue is a fourplex in 768 - Welland Downtown, Welland. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 132 Hellems Avenue have?
132 Hellems Avenue has 6 bedrooms, plus 1 more bedroom in the basement, and 4 bathrooms. The listing gives the style as 2 1/2 storey.
Does 132 Hellems Avenue have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 4 spaces. In total the listing counts 5 parking spaces.
Does 132 Hellems Avenue have a finished basement?
The listing describes the basement as full, partially finished. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown.
What style of home is 132 Hellems Avenue?
132 Hellems Avenue is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 132 Hellems Avenue, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 55 x 117.4 ft.
How is 132 Hellems Avenue heated and cooled?
Heating is radiant (gas). The listing does not show air conditioning.
What are the property taxes for 132 Hellems Avenue?
Property taxes are $4,982 a year (2025), or about $415 a month.
Where is 132 Hellems Avenue?
132 Hellems Avenue is in the 768 - Welland Downtown community of Welland. The nearest main intersection is Young and Hellems. The postal code is L3B 3B3.
Is 132 Hellems Avenue still for sale?
Yes. It is an active listing (MLS® X13847016). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 132 Hellems Avenue asking?
Similar properties for sale nearby right now include 62 Burgar Street at $629,900 (6 bed), 247 King Street at $749,900 (6 bed) and 428 Wallace Avenue N at $479,900 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 132 Hellems Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 132 Hellems Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 768 - Welland Downtown, picked by style, size and price.
Duplex$629,90062 Burgar Street, Welland6 bed · 3 bath · 768 - Welland DowntownCourtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGEView home →
Fourplex$749,900247 King Street, Welland6 bed · 4 bath · 768 - Welland DowntownCourtesy of: Real Broker Ontario Ltd.View home →
Duplex$479,900428 Wallace Avenue N, Welland6 bed · 3 bath · 768 - Welland DowntownCourtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGEView home →Courtesy of: REVEL Realty Inc., Brokerage
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.