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.
5 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $590 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 264 Hellems Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
24 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
24
Interior
Basement
Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
264 Hellems Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13809880$649,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 264 Hellems Ave Compares to the Welland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,188
/mo
based on the purchase price of $649,000
$129,800 cash
$519,200 financed
$437,303 total interest
Principal54%$519,200
Interest46%$437,303
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Welland
Other 4–5 bed homes for sale in Welland around $649K.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings443Homes for sale here right now.
Median vs prior 90 days−1.9%Compared with May 10 – Aug 8, 2026: prices down.
Based on 272 sales from Aug 8 – Nov 6, 2026 (247 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 264 Hellems Ave
How much is 264 Hellems Ave listed for?
264 Hellems Ave is listed at $649,000 (MLS® X13809880). Summitly updates the price as soon as the MLS® record changes.
Is $649,000 a good price for 264 Hellems Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Welland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 264 Hellems Ave changed?
No — 264 Hellems Ave is still listed at its original asking price of $649,000.
How many bedrooms and bathrooms does 264 Hellems Ave have?
264 Hellems Ave has 5 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Welland.
How much would the monthly mortgage be on 264 Hellems Ave?
About $3,188 a month — principal and interest on $649,000 with 20% down ($129,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 264 Hellems Ave compare with other homes in Welland?
Its asking price of $649,000 is about 22% above the median sold price in Welland over the last 90 days, $533,750, across 272 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 264 Hellems Ave been sold before?
Summitly has no earlier MLS® sale or lease of 264 Hellems Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 264 Hellems Ave?
264 Hellems Ave is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 264 Hellems Ave been on the market?
46 days — 264 Hellems Ave was listed on September 21, 2026.
What is the price per square foot of 264 Hellems Ave?
About $433 to $590 per square foot: the asking price of $649,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 264 Hellems Ave have parking or a garage?
Yes — the listing gives 24 parking spaces. Garage: Yes.
Does 264 Hellems Ave have a basement, and is it finished?
