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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.
All furniture (5 beds, 5 fridges, 5 nightstands, 5 desks), 2 kitchen fridges, 2 stoves, washer/dryer, 1 dishwasher.
City: Welland
Neighborhood: Welland Downtown
Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
---|---|---|---|---|---|
Jun 2, 2025 | 81 | $750,000 | N/A | New | X12189522 |
Purchase Price | $750000 |
Down Payment | $150000 |
Mortgage Insurance | $0 |
Total Mortgage | $600000 |
Mortgage Payment | $3697 |
Property Taxes | $368 |
Maintenance Fees | $0 |
Monthly Payment | $4065 |
Sold Comparables homes near 264 Hellems Ave, Welland
Located at 264 Hellems Ave , this Welland house is available for sale. This property was listed for $750,000 on Wed Jun 04 2025. This house's size is 1100-1500 Sqft. It has 5 bedrooms and 2 bathrooms. The property includes the following rooms: Kitchen, Br, 2nd Br, 3rd Br, 4th Br, 5th Br, Kitchen, Living, Br, Br. This property comes with 24 parking spots. 264 Hellems Ave, Welland is situated in the Welland Downtown neighbourhood.
MLS#: X12189521 · $750,000 · 5 bedroom house in Welland Downtown, Welland