8 Bedroom
5 Bathroom
3,500 - 5,000 ft2
None
Radiant Heat
$899,900
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. (id:50976)
Property Details
|
MLS® Number
|
X13747618 |
|
Property Type
|
Multi-family |
|
Community Name
|
768 - Welland Downtown |
|
Amenities Near By
|
Park |
|
Community Features
|
Community Centre, School Bus |
|
Equipment Type
|
None |
|
Features
|
Irregular Lot Size, Ravine, Sump Pump |
|
Parking Space Total
|
5 |
|
Rental Equipment Type
|
None |
|
Structure
|
Porch |
Building
|
Bathroom Total
|
5 |
|
Bedrooms Above Ground
|
8 |
|
Bedrooms Total
|
8 |
|
Age
|
51 To 99 Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Stove, Refrigerator |
|
Basement Development
|
Partially Finished |
|
Basement Features
|
Separate Entrance |
|
Basement Type
|
Full, N/a (partially Finished), N/a |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick, Vinyl Siding |
|
Fire Protection
|
Controlled Entry |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Radiant Heat |
|
Stories Total
|
2 |
|
Size Interior
|
3,500 - 5,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Park |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
190 Ft |
|
Size Frontage
|
63 Ft |
|
Size Irregular
|
63 X 190 Ft ; Lot Is 90' Wide At The Back |
|
Size Total Text
|
63 X 190 Ft ; Lot Is 90' Wide At The Back|under 1/2 Acre |
|
Zoning Description
|
Rl2, Rm |
https://www.realtor.ca/real-estate/30238332/13-mcmaster-avenue-welland-welland-downtown-768-welland-downtown
