$899,900
For SaleList: 2026-09-04
X13747618
Added 8 days ago
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About this home
Broker remarks from the listing.
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 sheet
Key facts from the MLS® sheet for this home.
Record
Buy/sell history for 13 McMaster Avenue, Welland, ON L3B 3S6 (Multiplex)
$899,900
For SaleList: 2026-09-04
X13747618
| Contract Date | Last Update | Price | Status | Listing ID |
|---|---|---|---|---|
| Sep 4, 2026 | Sep 4, 2026 | $899,900 | For Sale | X13747618 |
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