13 MCMASTER AVENUE
Welland (Welland Downtown), Ontario
MLS® X13747618
$899,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13747618
- Bedrooms
- 8
- Bathrooms
- 5
- Year built
- —
1 / 41Listing 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.
Property summary
- MLS® number
- X13747618
- Property type
- Multi-family
- Building type
- Other
- Land size
- 63 x 190 FT ; Lot is 90' wide at the back
- Annual property taxes
- $5,571.59
- Parking
- 5 spaces · No Garage
- Days on market
- 13 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- Partially finished, Full, Separate entrance, N/A, N/A
- Appliances
- Refrigerator, Stove
- Exterior features
- Brick, Vinyl siding
- Lot features
- Irregular lot size, Ravine, Sump Pump
- Community features
- School Bus, Community Centre
What would this home cost you?
Based on the $899,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX ESCARPMENT REALTY INC., HAMILTON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.