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264 HELLEMS AVENUE, Welland (Welland Downtown) — listed at $649,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 4.26 x 3.35 meters |
| Bedroom | Main level | 3.35 x 3.35 meters |
| Bedroom 2 | Main level | 3.35 x 3.35 meters |
| Bedroom 3 | Main level | 3.35 x 3.35 meters |
| Bedroom 4 | Main level | 3.35 x 3.35 meters |
| Bedroom 5 | Main level | 3.35 x 3.35 meters |
| Kitchen | Basement | 6.7 x 4.26 meters |
| Living room | Basement | 6.7 x 4.26 meters |
| Bedroom | Basement | 3.35 x 3.35 meters |
| Bedroom | Basement | 3.35 x 3.35 meters |
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 24 spaces — Detached Garage, Garage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
Yes — Finished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is 264 HELLEMS AVENUE a good fit for a growing family?+
With 7 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,412, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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