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 # | X13747618 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 61 |
| Listing Provided By | RE/MAX ESCARPMENT REALTY INC. | X13747618 184004 |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 5 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.27 |
Interior
| Interior Features | Separate Hydro Meter, Sump Pump |
|---|---|
| Lease To Own Equipment | None |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Controlled Entry, Porch, Year Round Living |
|---|---|
| Roof | Flat, Tar and Gravel |
| Foundation Details | Concrete Block |
| Construction Materials | Brick, Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Front Yard Parking |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5571.59 |
|---|---|
| Tax Legal Description | PT LT 52 PL 611 AS IN RO682897 ; PT LT 30, PL 607 , PART 2 , 59R10316 ; WELLAND |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3S6 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 3S6) | |
Price: $899,900 low | high Med: $0 On site: 61 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3S6 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 3S6) | |
Price: $899,900 low | high Med: $0 On site: 61 low | high Med: | |
