264 HELLEMS AVENUE, Welland (Welland Downtown)

$699,000

For sale: Detached

Property type: Single Family
Bedrooms / bathrooms: 7 bedrooms, 2 bathrooms
Living area: 1,500 sqft
MLS number: MLS® X12918792
Neighbourhood: 768 - Welland Downtown

Detached at 264 HELLEMS AVENUE, Welland (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.