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$750,000

Est. payment - /mo

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7 Beds

2 Baths

Active

264 Hellems AVE Welland, ON L3B 3B7

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Chaudhry Nadeem

nadeem@gta.realestate +1(416) 907-4533

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Key Details

Property Type Single Family Home, Condo

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision 768 - Welland Downtown

MLS Listing ID X12189521

Style Bungalow

Bedrooms 7

Annual Tax Amount $4,411

Tax Year 2024

Property Sub-Type Detached

Property Description

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 1,050,000.

Location

Province ON

County Niagara

Community 768 - Welland Downtown

Area Niagara

Rooms

Family Room No

Basement Finished

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Separate Hydro Meter, Storage

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Available

Garage Spaces 14.0

Pool None

Roof Type Flat

Lot Frontage 42.0

Lot Depth 210.03

Total Parking Spaces 24

Building

Foundation Unknown

Listed by RE/MAX ESCARPMENT REALTY INC.

TEAM MEMBER

Chaudhry Nadeem +1(416) 907-4533 nadeem@gta.realestate