264 HELLEMS AVENUE, Welland (Welland Downtown)

$699,000

For sale: Detached

Detached at 264 HELLEMS AVENUE, Welland (Welland Downtown)
Property type
Detached
Bedrooms / bathrooms
7 bedrooms, 2 bathrooms
Living area
1,500 sqft
MLS®
MLS® X12918792
Neighbourhood
768 - Welland Downtown

Income generating property with development potential! Excellent investment opportunity featuring a beautiful bungalow with 5 existing rentals on main level plus a separate entrance basement apartment. At the rear, a 2470 sqft warehouse, separately metered, with a drive-in door offers additional income potential (120V & 220V). Included are suggestive drawings to build a 6-plex above the warehouse. The property sits on a deep 42' x 210' lot. Versatile, income-producing, and primed for development, a rare find in a growing area of Welland. Existing rental information is provided.Can be purchased together with 258 Hellems for 948,900.

Sold data

Detached homes in Welland (Welland Downtown) — recent sold market

Detached homes in Welland (Welland Downtown) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 53, across 140 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.

The median sale price was $549,900.

Homes sold for about 3.1% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 34% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$549,900
Sale-to-list ratio
96.9%
Sold above asking
6%

Based on 140 recorded sales in the last 90 days. 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 264 HELLEMS AVENUE