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About the Listing 184004 -
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.
Listing Highlights for 13 McMaster Ave
Interior Details
- Bedrooms: 8
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Basement: Development Potential,Full,Partially Finished,Separate Entrance
- Other: Separate Hydro Meter,Sump Pump,4 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Flat,Tar and Gravel
- Others: Controlled Entry,Porch,Year Round Living,Park,Ravine,Rec./Commun.Centre,School Bus Route
- Sewer: Sewer
- Parking Features: Front Yard Parking,No Garage
Financial Details
- Tax Amount: $5,572
- Taxes w/Assessments: N/A
- Tax/Property ID: 641060141
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
13 McMaster Ave Welland, ON L3B 3S6
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