13 Mcmaster Avenue,Welland, ON L3B 3S6
Welland, ON L3B 3S6
Description
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.
Details
| MLS # | 40860780 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 53 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Anil Verma |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,672 |
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | RL2, RM |
| Acreage | 0.32 |
| Water Front | Yes |
Interior
| Appliances | Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | None |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Natural Gas, Radiant |
| Heating Yes / No | Yes |
| Laundry Features | Coin Operated, Common Area, Shared |
Exterior
| Exterior Features | Controlled Entry, Separate Hydro Meters |
|---|---|
| Lot Features | Rectangular, Quiet Area |
| Construction Materials | Brick, Vinyl Siding |
| Roof | Flat, Tar/Gravel |
| Foundation Details | Block, Concrete Block |
| Waterfront Features | Access to Water |
| Patio And Porch Features | Patio, Porch |
Parking
| Garage Spaces | 0 |
|---|---|
| Parking Features | Asphalt, Assigned |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 5806.07 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3S6 |
| Area | Welland |
| Subarea | 768 Welland Downtown |
| Community Name | 768 Welland Downtown |
| Listing VS Median (in 768 Welland Downtown) | |
Price: $899,900 low | high Med: $394,900 sqft: 3,672 low | high Med: 1,301 $ / sqft: $245 low | high Med: $304 On site: 53 low | high Med: 102 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3S6 |
| Area | Welland |
| Subarea | 768 Welland Downtown |
| Community Name | 768 Welland Downtown |
| Listing VS Median (in 768 Welland Downtown) | |
Price: $899,900 low | high Med: $394,900 sqft: 3,672 low | high Med: 1,301 $ / sqft: $245 low | high Med: $304 On site: 53 low | high Med: 102 | |
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