About 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.
Features of 13 Mcmaster Avenue
| MLS® # | X13747618 |
|---|---|
| Price | $899,900 |
| Bedrooms | 8 |
| Bathrooms | 5.00 |
| Square Footage | 3500-5000 |
| Acres | 0.00 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 13 Mcmaster Avenue |
|---|---|
| Area | Niagara |
| Subdivision | 768 - Welland Downtown |
| City | Welland |
| Province | ON |
| Postal Code | L3B 3S6 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Radiant |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Development Potential, Full, Partially Finished, Separate Entrance |
Exterior
| Exterior | Brick, Vinyl Siding |
|---|
Listing Details
| Office | RE/MAX ESCARPMENT REALTY INC. |
|---|