13 Mcmaster Avenue Active Save Request In-Person Tour Request Virtual Tour
Welland,ON L3B 3S6
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $338
MLS Listing ID 40726395
Bedrooms 8
Abv Grd Liv Area 3,400
Annual Tax Amount $5,303
Property Sub-Type Multi-5 Unit
Source Hamilton - Burlington
Property Description
INCOME PROPERTY WITH SIGNIFICANT DEVELOPMENT & VALUE-ADD POTENTIAL! Fantastic opportunity in one of Welland's most promising growth corridors. This well-maintained 5-unit 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. 1000 sq.ft) 5 parking spaces, high basement ceiling with potential for an additional unfinished unit, 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!
Location
Province ON
County Niagara
Area Welland
Zoning RL2, RM
Direction Property is situated on the south side of McMaster Ave, between River Rd and Margery Rd
Rooms
Other Rooms None
Basement Separate Entrance,Walk-Up Access,Full,Partially Finished
Kitchen 0
Interior
Interior Features None
Heating Natural Gas,Radiant
Cooling None
Fireplace No
Appliance Dryer,Refrigerator,Stove,Washer
Laundry Coin Operated,Common Area,Shared
Exterior
Exterior Feature Controlled Entry,Separate Hydro Meters
Parking Features Asphalt,Assigned
Waterfront Description Access to Water
Roof Type Flat,Tar/Gravel
Porch Patio,Porch
Lot Frontage 63.0
Lot Depth 190.0
Garage No
Building
Lot Description Rectangular,Quiet Area
Faces Property is situated on the south side of McMaster Ave, between River Rd and Margery Rd
Story 2
Foundation Block,Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 641060141
Ownership Freehold/None