13 McMaster Avenue, Welland, ON L3B 3S6
768 - Welland Downtown, Welland · Near River Rd & McMaster Ave · View map
About this home
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.
The home
- Type
- Multiplex
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 8
- Bathrooms
- 5
- Kitchens
- 4
- Rooms
- 16
- Basement
- Development Potential, Full, Partially Finished, Separate Entrance
- Lot size
- 63 x 190 ft
- Faces
- South
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Fireplace
- No
Garage & parking
- Driveway spaces
- 5
- Total parking
- 5
- Parking features
- Front Yard Parking
Taxes & other
- Property taxes
- $5,572/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- -
- Cross street
- River Rd & McMaster Ave
- Neighbourhood
- 768 - Welland Downtown
More
- Price per sq ft
- ~$212 (at 4,250 sq ft)
- MLS® number
- X13747618
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The home and its surroundings
- Separate Hydro Meter
- Sump Pump
- Park
- Ravine
- Rec./Commun.Centre
- School Bus Route
- Controlled Entry
- Porch
- Year Round Living
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
13 McMaster Avenue, Welland, ON L3B 3S6
768 - Welland Downtown, Welland · Near River Rd & McMaster Ave
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Listing history for 13 McMaster Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 13 McMaster Avenue
Answers come straight from this home’s MLS® listing.
How much is 13 McMaster Avenue listed for, and what would it cost each month?
13 McMaster Avenue is listed for $899,900. With 20% down ($179,980), the mortgage payment would be roughly $3,630 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,094 a month, all in. That figure is an illustration, not a quote.
Is 13 McMaster Avenue freehold or a condo, and is there a monthly fee?
13 McMaster Avenue is a multiplex in 768 - Welland Downtown, Welland. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 13 McMaster Avenue have?
13 McMaster Avenue has 8 bedrooms and 5 bathrooms. The listing gives the style as 2-storey.
Does 13 McMaster Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 5 spaces. In total the listing counts 5 parking spaces.
Does 13 McMaster Avenue have a finished basement?
The listing describes the basement as development potential, full, partially finished, separate entrance. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 13 McMaster Avenue?
13 McMaster Avenue is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 13 McMaster Avenue, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 63 x 190 ft.
How is 13 McMaster Avenue heated and cooled?
Heating is radiant (gas). The listing does not show air conditioning.
What are the property taxes for 13 McMaster Avenue?
Property taxes are $5,572 a year (2025), or about $464 a month.
Where is 13 McMaster Avenue?
13 McMaster Avenue is in the 768 - Welland Downtown community of Welland. The nearest main intersection is River Rd & McMaster Ave. The postal code is L3B 3S6.
Is 13 McMaster Avenue still for sale?
Yes. It is an active listing (MLS® X13747618). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 13 McMaster Avenue asking?
Similar properties for sale nearby right now include 256 Lincoln Street at $1,049,900 (9 bed), 247 King Street at $749,900 (6 bed) and 132 Hellems Avenue at $649,000 (6+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 13 McMaster Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 13 McMaster Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 768 - Welland Downtown, picked by style, size and price.
Multiplex$1,049,900256 Lincoln Street, Welland9 bed · 5 bath · 768 - Welland DowntownCourtesy of: REAL BROKER ONTARIO LTD.View home →
Fourplex$749,900247 King Street, Welland6 bed · 4 bath · 768 - Welland DowntownCourtesy of: Real Broker Ontario Ltd.View home →
Fourplex$649,000132 Hellems Avenue, Welland6+1 bed · 4 bath · 768 - Welland DowntownCourtesy of: REVEL Realty Inc., BrokerageView home →Courtesy of: RE/MAX ESCARPMENT REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.