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!
For sale
C$1,150,000
13 McMaster Ave, Welland, ON L3B 3S6
8beds
4baths
3,400sqft
Multi-5 Unit, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$338/sqft
C$-- HOA
What's special
High basement ceiling
- 88 days
- on Zillow |
- 11 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 02:35pm
Listed by:
Anil Verma, Salesperson,
RE/MAX Escarpment Realty Inc.,
Sheri Robins, Salesperson,
RE/MAX Escarpment Realty Inc.
Source: ITSO,MLS®#: 40726395Originating MLS®#: REALTORS® Association of Hamilton-Burlington
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Natural Gas, Radiant
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Stove, Washer
- Laundry: Coin Operated, Common Area, Shared
Features
- None
- Basement: Separate Entrance,Walk-Up Access,Full,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 3,400
- Total interior livable area: 3,400 sqft
- Finished area above ground: 3,400
Property
Parking
- Total spaces: 5
- Parking features: Asphalt, Assigned, Front Yard Parking
- Uncovered spaces: 5
Features
- Patio & porch: Patio, Porch
- Exterior features: Controlled Entry, Separate Hydro Meters
- Waterfront features: Access to Water
- Frontage type: South
- Frontage length: 63.00
Lot
- Size: 0.32 Acres
- Dimensions: 63 x 190
- Features: Rectangular, Quiet Area
Details
- Additional structures: None
- Parcel number: 641060141
- Zoning: RL2, RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-5 Unit, Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Block, Concrete Block
- Roof: Flat, Tar/Gravel
Condition
- 51-99 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Location
- Region: Welland
Financial & listing details
- Price per square foot: C$338/sqft
- Annual tax amount: C$5,303
- Date on market: 5/8/2025
- Inclusions: None, 4 Stoves, 4 Refrigerators
- Exclusions: Tenants Belongings
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