13 Mcmaster Avenue, Welland, ON L3B 3S6
13 Mcmaster Avenue, Welland, ON L3B 3S6
13 Mcmaster Avenue, Welland, ON L3B 3S6
13 Mcmaster Avenue, Welland, ON L3B 3S6
13 Mcmaster Avenue, Welland, ON L3B 3S6
13 Mcmaster Avenue, Welland, ON L3B 3S6
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Listed by Anil Verma • RE/MAX Escarpment Realty Inc.
$ 899,900
Est. payment | /mo

8 Beds

5 Baths

3,672 SqFt


Save
$ 899,900
Est. payment | /mo
Save

8 Beds

5 Baths

3,672 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $245

MLS Listing ID 40860780

Bedrooms 8

Abv Grd Liv Area 3,672

Year Built 1950

Annual Tax Amount $5,806

Property Sub-Type Multi-4 Unit

Source Cornerstone

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.

Location

State ON

County Niagara

Area Welland

Zoning RL2, RM

Direction Property is situated on the south side of McMaster Ave, between River Rd and Margery Rd

Rooms

Other Rooms None

Basement Separate Entrance, Walk-Up Access, Full, Partially Finished

Kitchen 0

Interior

Interior Features None

Heating Natural Gas, Radiant

Cooling None

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry Coin Operated, Common Area, Shared

Exterior

Exterior Feature Controlled Entry, Separate Hydro Meters

Parking Features Asphalt, Assigned

Waterfront Description Access to Water

Roof Type Flat,Tar/Gravel

Porch Patio, Porch

Lot Frontage 63.0

Lot Depth 190.0

Garage No

Building

Lot Description Rectangular, Quiet Area

Faces Property is situated on the south side of McMaster Ave, between River Rd and Margery Rd

Story 3

Foundation Block, Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 641060141

Ownership Freehold/None

Nearby Locations

Ryan Schinker
Ryan Schinker

Agent

+1(519) 807-8485 | ryan@soldbyschinker.com

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13 Mcmaster Avenue