13 Mcmaster Avenue Welland, Ontario L3B 3S6
$899,900
LEGALLY REGISTERED 5-PLEX ASSET WITH FANTASTIC INVESTMENT FLEXIBILITY! Welcome to 13 McMaster Ave, a purpose-built multi-residential property situated on a massive 63' x 190' lot with premium medium-density RM/RL2 zoning steps from the Welland Canal. This structurally efficient building features an ideal layout of two spacious, 2-bedroom units per floor, offering an excellent mix of baseline income stability alongside flexible buyer possession options. The ultimate equity play sits in the full, unfinished walk-up basement with separate exterior access; it is fully grandfathered and taxed by MPAC as a 5-plex, featuring intact plumbing rough-ins where the 5th unit previously sat. Rebuild the 5th suite to instantly scale your asset valuation while completely avoiding costly municipal development fees. Property is being sold in as-is condition, allowing you to execute your own custom updates, capitalize on realistic market rent targets of $1,800/month, and maximize your forced-equity margins in a top Niagara rental pocket. Perfect for an investor looking for a value-add project with incredible structural bones or a buyer looking for a multi-generational setup. (id:61499)
Property Details
| MLS® Number | 40860780 |
| Property Type | Multi-family |
| CommunityFeatures | Quiet Area |
| Features | Paved Driveway, Laundry- Coin Operated |
| ParkingSpaceTotal | 5 |
| Structure | Porch |
Building
| BathroomTotal | 5 |
| BedroomsTotal | 8 |
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| ConstructedDate | 1950 |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 3672 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 190 Ft |
| SizeFrontage | 63 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Rl2, Rm |
https://www.realtor.ca/real-estate/30237004/13-mcmaster-avenue-welland
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Anil Verma
Salesperson
860 Queenston Road Unit 4b
Stoney Creek, Ontario L8G 4A8
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September 04 2026 07:38:24
RE/MAX Escarpment Realty Inc.