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Michael Lau

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$ 899,900

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13 McMaster AVE Welland, ON L3B 3S6

8 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 768 - Welland Downtown

MLS Listing ID X13747618

Style 2-Storey

Bedrooms 8

Annual Tax Amount $5,571

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Niagara

Area Niagara

Rooms

Family Room No

Basement Development Potential, Full, Partially Finished, Separate Entrance

Kitchen 4

Interior

Interior Features Separate Hydro Meter, Sump Pump

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Controlled Entry, Porch, Year Round Living

Parking Features Front Yard Parking

Pool None

Roof Type Flat,Tar and Gravel

Lot Frontage 63.0

Lot Depth 190.0

Total Parking Spaces 5

Building

Building Age 51-99

Unit Features Park,Ravine,Rec./Commun.Centre,School Bus Route

Foundation Concrete Block

Others

ParcelsYN Yes

Listed by RE/MAX ESCARPMENT REALTY INC.

Nearby Locations

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Michael Lau

+1(416) 700-0286

info@callmikelau.com

Michael Lau

13 McMaster AVE Welland, ON L3B 3S6

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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13 McMaster AVE