13 Mcmaster Avenue
Welland Downtown, Welland, ON L3B 3S6
$899,900
MLS® 40860780

- 8Bedrooms
- 5Bathrooms
- 3,672Sq. ft.
- 5Parking
- 1950Year built
- 58Days on market
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.
Property details
Property
- Property type
- Multi-4 Unit
- Style
- Other
- Year built
- 1950
- Lot size
- 63 x 190 ft
- Annual taxes
- $5,806
- Zoning
- RL2, RM
Interior
- Heating
- Natural Gas, Radiant
- Cooling
- None
- Basement
- Separate Entrance, Walk-Up Access, Full, Partially Finished
- Included
- Dryer, Refrigerator, Stove, Washer
Exterior & parking
- Construction
- Brick, Vinyl Siding
- Roof
- Flat, Tar/Gravel
- Foundation
- Block, Concrete Block
- Parking spaces
- 5
- Driveway
- Front Yard Parking
Utilities
- Sewer
- Sewer (Municipal)
- Water
- Municipal
Location
13 Mcmaster Avenue, Welland Downtown, Welland, ON, L3B 3S6
Listing courtesy of RE/MAX Escarpment Realty Inc.. MLS® 40860780. Data provided by Information Technology Systems Ontario (ITSO), last updated September 4, 2026. Information deemed reliable but not guaranteed.
