13 MCMASTER Avenue, Welland, Ontario L3B3S6
Listing courtesy of RE/MAX Escarpment Realty Inc..
- $899,900
- 8
- BD
- 5
- BA
- 3,672
- SqFt
- List Price
- $899,900
- MLS®
- 40860780
- Days on Market
- 0
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Bedrooms
- 8
- Bathrooms
- 5
- Living Area
- 3,672
- Subdivision
- 768 - Welland Downtown
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. (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- 768 - Welland Downtown
- Parking Spaces
- 5
- Cooling
- None
- Country
- Canada
- Sewer
- Municipal sewage system
- Community Features
- Quiet Area
- Heating
- Radiant heat, Natural gas
- Lot Features
- Paved driveway, Laundry- Coin operated
- Total Number Of Units
- 5
- Stories
- 2
