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MLS® X13747618
Welland, ON
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.
Inclusions
4 Fridges, 4 Stoves.
Exclusions
Tenants belongings.
Broker
RE/MAX ESCARPMENT REALTY INC.
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Multiplex
13 McMaster Avenue Welland
Welland
Built
51-99
Type
Multiplex
Basement
Development Potential, Full, Partially Finished, Separate Entrance
Parking
None (5)
Property Tax
~$5,572/yr
Heating
Radiant
Buying Essentials
Square Feet
4250 sqft
Facing Direction
South
Parking
None (5)
Finances
List Price
$899,900
Price per SQFT
$212/sqft
Property Tax
~$5,572/yr
Property Specs
Property Type
Multiplex
MLS Size
4250 sqft
Age of Building
51-99
Basement
Development Potential, Full, Partially Finished, Separate Entrance
Living & Amenities
Heating Type
Radiant
Features
Separate Hydro Meter · Sump Pump
Policies & Utilities
Neighbourhood
Welland
Listed On
Sep 4, 2026
Park
Ravine
Rec./Commun.Centre
School Bus Route
Days on Market
Current: 64 days
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