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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. (id:63604)

Key Facts

Type

Multi-family

Beds

Baths

Size

3,500 sqft

Lot

63 x 190 FT; Lot is 90' wide at the back

Parking

5 total

Highlights

Refrigerator
Stove

Property Details 16 details

Bedrooms

8 bedrooms

8 above grade

Bathrooms

5 bathrooms

Parking

5 parking spaces

No Garage

Living area

3,500 - 5,000 sq. ft.

Property

Multi-family

Property subtype

Multi-family

Structure type

Other

Storeys

Basement

Partially finished, Full, Separate entrance

Heating

Radiant heat, Natural gas

Fireplace

Lot dimensions

63 x 190 FT; Lot is 90' wide at the back

Frontage

63 feet

Taxes

$5,571.59

Zoning

RL2, RM

Water source

Municipal water

Sewer

Sanitary sewer

Interior features

RefrigeratorStoveSeparate Electricity Meters

Exterior features

BrickVinyl sidingBlock

Systems and association

Controlled entry

Lot and water

Irregular lot sizeRavineSump Pump

Mortgage & Affordability Estimate monthly costs

Down payment (%) Interest rate (annual %) Amortization (years) Property taxes (% of price) Condo/HOA fee (monthly)

Insurance/Other (monthly) Utilities (monthly)

Mortgage Tools Buyer/Seller Snapshot

Purchase price$899,900

Down paymentNot available

Mortgage amountNot available

Principal & interestNot available

Property taxesNot available

Condo/HOA feeNot available

Insurance/OtherNot available

UtilitiesNot available

Est. monthly totalNot available

Income needed (GDS 32%)Not available

Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area: Welland Downtown
City: Welland
Postal code: L3B 3S6
Nearby: Cross Streets: River Rd & McMaster Ave. ** Directions: Property is situated on the south side of McMaster Ave, between River Rd and Margery Rd.