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147 Division St - 56 Hellems Avenue 8 Unit Apartment Building Offered at $850,000 CAD Welland, ON L3B 4A1
Investment Highlights
- Vacant mixed-use property offered through a court-appointed receivership sale.
- Street-front retail configuration with residential accommodation potential above.
- Downtown Mixed-Use Centre zoning permits a wide range of commercial and residential uses.
- Located in downtown Welland with access to Highway 406 and the QEW corridor.
Executive Summary
52-66 Hellems Avenue and 147 Division Street presents an opportunity to acquire a vacant mixed-use asset in Downtown Welland with significant repositioning and redevelopment potential. The property consists of approximately 15,000 square feet across a two-storey building formerly configured with street-front retail and residential units above. Offered through a court-appointed receivership process, the asset provides investors, developers, and owner-users with the ability to complete renovations and reconfigure the property for a variety of commercial and residential applications permitted under the existing Downtown Mixed-Use Centre (DMC) zoning.
Property Facts
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Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Very bikeable
80/100
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147 Division St - 56 Hellems Avenue
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