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Pemberton Holmes Ltd.

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13 MCMASTER Avenue
homes for sale · Welland · Welland Downtown
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$899,900

13 MCMASTER Avenue

Welland Downtown, Welland · MLS® 40860780

855

3,672 sq ft · House · Multi-family · built 1950 · 50 days on market

listed by Anil Verma, RE/MAX Escarpment Realty Inc.

realtor's 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.

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property details

type
House, Multi-family
bedrooms
8
bathrooms
5
living area
3,672 sq ft
parking
5
year built
1950
property tax
$5,806 / yr
days on market
50
MLS®
40860780

features

  • Paved driveway
  • Laundry- Coin operated
  • Quiet Area

monthly cost

$4,405/mo
Mortgage $3,921 · Tax $484

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$3,921/ monthly
loan $719,920
25-year amortization
total interest
$456,313
cash to close
$179,980
down payment; transfer tax and fees not included
total paid
$1,176,233

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Anil Verma
RE/MAX Escarpment Realty Inc.
call Anil · 905-545-1188
Powered by: REALTOR.ca

location

Welland Downtown, WellandGoogle Maps ↗

location

Welland Downtown, WellandGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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