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INCOME PROPERTY WITH SIGNIFICANT DEVELOPMENT & VALUE-ADD POTENTIAL! Fantastic opportunity in one of Wellands 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. Buyer to conduct their own due diligence.
4 Stoves, 4 Refrigerators
City: Welland
Neighborhood: Welland Downtown
Purchase Price | $1150000 |
Down Payment | $230000 |
Mortgage Insurance | $0 |
Total Mortgage | $920000 |
Mortgage Payment | $5669 |
Property Taxes | $442 |
Maintenance Fees | $0 |
Monthly Payment | $6111 |
Located at 13 Mcmaster Ave , this Welland house is available for sale. This property was listed for $1,150,000 on Thu May 08 2025. This house's size is 3000-3500 Sqft. It has 8 bedrooms and 4 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 5 parking spots. 13 Mcmaster Ave, Welland is situated in the Welland Downtown neighbourhood.
MLS#: X12135582 · $1,150,000 · 8 bedroom house in Welland Downtown, Welland