13 McMaster Avenue, Welland, ON L3B 3S6
Welland, ON, L3B 3S6 · 768 - Welland Downtown
About this property
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.
Features & Amenities
- Basement: Development Potential, Full, Partially Finished, Separate Entrance
- Garage: None
- Cooling: None
- Heat Type: Radiant
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick, Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 8 |
| Bathrooms | 5 |
| Lot Size | 14,047 Feet |
| Basement | Development Potential, Full, Partially Finished, Separate Entrance |
| Garage | None |
| Parking Spaces | 5 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $5,572 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Hydro Meter, Sump Pump
Exterior Features
- Exterior Features
- Controlled Entry, Porch, Year Round Living
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick, Vinyl Siding
- Foundation Details
- Concrete Block
- Roof
- Flat, Tar and Gravel
- Basement
- Development Potential, Full, Partially Finished, Separate Entrance
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 5
- Parking Total
- 5.00
- Parking Features
- Front Yard Parking
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 14046.89
- Lot Size Units
- Feet
- Lot Depth
- 190.00
- Lot Width
- 63.00
- Lot Irregularities
- Lot is 90' wide at the back
Community & Neighborhood
- Property Features
- Park, Ravine, Rec./Commun.Centre, School Bus Route
Financial & Tax
- Tax Annual Amount
- $5,572
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- -
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 16
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 8
Additional Details
- Occupant Type
- Owner+Tenant
- Direction Faces
- South
- County Or Parish
- Niagara
- Cross Street
- River Rd & McMaster Ave
- Directions
- Property is situated on the south side of McMaster Ave, between River Rd and Margery Rd
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
13 McMaster Avenue, Welland, ON L3B 3S6, Welland, ON, L3B 3S6