264 Hellems Avenue, Welland (Welland Downtown), Ontario, L3B3B7




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$649,000
Welland
This 7-bedroom, 2-bathroom home in Welland is for sale offering roughly 1,300 sq ft of space. It has been on the market 44 days, fresher than the Welland average of 87 days.
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:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 87 days across the listings currently for sale in this city
This 7-bed single family in Welland (Welland Downtown) has been listed for 44 days, which is 43 days fresher than the city average of 87. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $649,000, about 9.8× the local median household income of $66,500.
Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 91% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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