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13 MCMASTER AVENUE
Welland (Welland Downtown) Ontario L3B3S6 Canada

$899,900

Active Listing ID X13747618
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8 bed
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5.00 Bath
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Multi-family

$899,900

Active Listing ID X13747618
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13 MCMASTER AVENUE 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. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: None
  • Exterior Finish: Brick, Vinyl siding
  • Heating Systems: Radiant heat, Natural gas
  • Additional Features
  • Basement
Listing Changed: 9/4/2026 11:45:00 PM GMT
Source Updated Date: 9/13/2026 8:25:31 AM GMT

Courtesy of: ANIL VERMA, Salesperson, RE/MAX ESCARPMENT REALTY INC.