132 HELLEMS AVENUE, Welland (Welland Downtown)
$649,000
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 7 bedrooms, 4 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X13847016
- Neighbourhood
- 768 - Welland Downtown
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.
Sold data
Homes in Welland Downtown — recent sold market
Homes in Welland Downtown took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 63, across 48 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $427,400.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 26
- Median sale price
- $427,400
- Sale-to-list ratio
- 95.7%
- Sold above asking
- 2%
Based on 48 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Welland (Welland Downtown)
Welland (Welland Downtown) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.
- Rated schools
- 23
- Elementary
- 18
- Secondary
- 5
- Average rating
- 6.5 / 10
Top-rated schools in Welland (Welland Downtown)
- Plymouth — elementary, WellandFraser rating 10.0/10
- Fitch Street — elementary, WellandFraser rating 8.1/10
- Glendale — elementary, WellandFraser rating 8.1/10
- Holy Name — elementary, WellandFraser rating 7.9/10
- Quaker Road — elementary, WellandFraser rating 7.6/10
- Diamond Trail — elementary, WellandFraser rating 7.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 132 HELLEMS AVENUE
$650,000
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Multiplex542,500–3,000 sqft147 HERKIMER STREET, Durand, Hamilton
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Multiplex543,000–3,500 sqft148 GENEVA STREET, 451 - Downtown, St. Catharines
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Multiplex632,500–3,000 sqft62 BURGAR STREET, 768 - Welland Downtown, Welland
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