13 Mcmaster Avenue Welland, Ontario L3B 3S6

$999,900

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 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. (id:61215)

Property Details

MLS® Number	X12539272
Property Type	Multi-family
Community Name	768 - Welland Downtown
Amenities Near By	Park
Community Features	Community Centre, School Bus
Equipment Type	None
Features	Irregular Lot Size, Ravine, Sump Pump
Parking Space Total	5
Rental Equipment Type	None
Structure	Porch

Building

Bathroom Total	5
Bedrooms Above Ground	8
Bedrooms Total	8
Age	51 To 99 Years
Amenities	Separate Electricity Meters
Appliances	Stove, Refrigerator
Basement Development	Partially Finished
Basement Features	Walk-up, Separate Entrance
Basement Type	N/a (partially Finished), N/a, Full, N/a
Cooling Type	None
Exterior Finish	Brick, Vinyl Siding
Fire Protection	Controlled Entry
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	3,000 - 3,500 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Park
Sewer	Sanitary Sewer
Size Depth	190 Ft
Size Frontage	63 Ft
Size Irregular	63 X 190 Ft ; Lot Is 90' Wide At The Back
Size Total Text	63 X 190 Ft ; Lot Is 90' Wide At The Back|under 1/2 Acre
Zoning Description	Rl2, Rm

https://www.realtor.ca/real-estate/29097425/13-mcmaster-avenue-welland-welland-downtown-768-welland-downtown