13 MCMASTER Avenue, Welland, Ontario, L3B3S6

Property Description

Legally registered 5-plex (4 active) with former basement unit offering potential for 2 new suites - envision up to 6 units in total ~ OR ~ put up a brand new 32-Unit building! Fantastic opportunity in one of Welland’s most promising growth corridors. This well-maintained building sits on an oversized 63’ x 190’ lot, zoned RL2 & RM, just steps from the Welland Canal, Merritt Island Park, and close to major amenities including Welland Hospital and Niagara College. The property features 4 spacious 2-Bed 1-Bath apts., (each approx. 800 sq.ft) 5 parking spaces, high basement ceiling with a 5th 4-pc bath and potential for 2 additional apartments, and strong long-term value. A planner-commissioned concept sketch (available to serious inquiries) outlines a 32-unit redevelopment vision for the site. The area also presents potential for future land assembly, offering added scale for developers exploring larger residential intensification projects. Ideal for investors, developers, or those seeking a well-located income property with long-term upside. Conceptual plans were prepared by a third party and have not been submitted to the City. Call Now! You Don’t Want to Miss this Rare Opportunity! (id:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 8
• Bathrooms: 4
• Living Area: 3,400 sq ft (315.9 m²)
• Above Grade: 3,400 sq ft (315.9 m²)
• Ownership: Freehold
• Parking: 5.0 spaces
• Frontage: 63 ft (19.2 m)

Costs

• Annual Taxes: $5,571.59

Listing Provided by: RE/MAX Escarpment Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.