New
47
$624,900
31-33 Grove Street, Welland, ON L3B 4B3
Welland Downtown
8 bd
4 ba
2,500 sf
8
Listed todayMLS® X14150628
Listing courtesy of COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
1 / 34
For saleMLS® X13847016
132 Hellems Avenue, Welland, ON L3B 3B3
Welland Downtown · L3B 3B3
$649,000
$185 / sq ft1 months on market
- Bedrooms
- 6+1
- Bathrooms
- 4
- Interior
- 3,500 sf
- Parking
- 5
- Lot
- 55 × 117.4 ft
What's special
- Detached garage
- Finished basement
- Separate hydro meter
About this property
Investor opportunity with a 7.5 Cap rate and two units available for new tenancies! This legal non-conforming fourplex offers a versatile unit mix with a spacious 3-bedroom main-floor unit, a 3-bedroom upper unit, a 2-bedroom upper unit, and a 1-bedroom lower-level unit. The 1-bedroom lower unit is currently vacant, with the 2-bedroom upper units becoming vacant November 1, 2026, giving a new owner the valuable opportunity to select tenants and establish new tenancies for two of the four units. Additional income potential is offered through coin-operated laundry and a detached garage. With generous unit sizes, multiple income streams and the flexibility provided by two vacant units, this property offers plenty of potential for an investor looking to reposition and add value over time. Roof updated in the last 10 years and the boiler was updated in 2013.
Features
- Separate Hydro Meter
Property details
Property
- Property type
- multiplex
- Bedrooms
- 6 + 1
- Bathrooms
- 4
- Interior size
- 3,500 sq ft
- Lot size
- 55 × 117.4 ft
- Possession
- Flexible
Interior
- Basement
- Full, Partially Finished
- Heating
- Radiant · Gas
- Exposure
- East
Exterior & services
- Construction
- Vinyl Siding
- Garage
- Detached
- Parking spaces
- 5
- Sewer
- Sewer
Costs
- List price
- $649,000
- Property taxes
- $4,982 / year (2025)
- Price per sq ft
- $185
- Rental items
- 4 Hot Water Tanks
Listing
- MLS® number
- X13847016
- Status
- For sale
- Listed
- October 1, 2026
- Days on market
- 35
- Last updated
- October 1, 2026
- Listing brokerage
- REVEL Realty Inc., Brokerage
Price & sale history
This property's sale history is hidden
TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.
Unlock sale history & sold priceFree. Takes about twenty seconds.
Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 71% of comparable multiplex listings in Welland Downtown are asking less.
$415KMedian $545K$855K
- This home
- $185 / sq ft
- Comparable median
- $283 / sq ft
Based on 14 comparable active multiplex listings in Welland Downtown. These are asking prices, not sale prices.
Mortgage estimate
Down payment6.1% · minimum $39,900
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $3,367.82
- Property tax (est.)
- $415.17
- Estimated monthly
- $3,783
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $9,455
- Total due on closing
- $9,455
An estimate on the asking price of $649,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of REVEL Realty Inc., Brokerage. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
Unlock nearby sold pricesFree. Takes about twenty seconds.
Similar properties nearby
New
55
$539,900
182 Garner Avenue, Welland, ON L3B 2Y2
Welland Downtown
5 bd
3 ba
1,500 sf
8
Listed yesterdayMLS® X14147202
Listing courtesy of RE/MAX GARDEN CITY REALTY INC, BROKERAGE
8
$699,700
13 Albert Street, Welland, ON L3B 4G1
Welland Downtown
7 bd
3 ba
3,000 sf
5
1 weeks on marketMLS® X14110196
Listing courtesy of Royal Lepage NRC Realty Inc
39
$629,900
62 Burgar Street, Welland, ON L3B 2S8
Welland Downtown
6 bd
3 ba
2,500 sf
3
1 months on marketMLS® X13843546
Listing courtesy of COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
45
$549,900
75 State Street, Welland, ON L3B 4K6
Welland Downtown
3+1 bd
4 ba
1,500 sf
3
1 months on marketMLS® X13777316
Listing courtesy of Royal LePage RCR Realty
52
$539,900
81 Grove Street, Welland, ON L3B 4B3
Welland Downtown
4+2 bd
4 ba
1,500 sf
2
2 months on marketMLS® X13704644
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE