13 Mcmaster Avenue
768 - Welland Downtown, Welland, L3B 3S6
For Sale
9.66 BTC
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8
BEDROOMS 5
BATHROOMS 4
KITCHENS 16
ROOMS X13747618
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Property 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.
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Property Features
Park, Ravine, Rec./Commun.Centre, School Bus Route, Separate Hydro Meter, Sump Pump, Front Yard Parking
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Property Details
Property Type
Multiplex
Lot Size
63' x 190'
Acreage
14,046.9 Feet
Taxes
$5,572 (2025)
Basement
Development Potential, Full, Partially Finished, Separate Entrance
Exterior
Controlled Entry, Porch, Year Round Living
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Re/Max Escarpment Realty Inc.
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