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Royal LePage
Royal LePage
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$999,900

Welland ON, L3B 3S6

MLS® # X12539272

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Hydro Meters
  • Basement Development: Partially finished
  • Basement Type: N/A, N/A, Full, N/A
  • Exterior Finish: Brick, Vinyl siding
  • Fire Protection: Controlled entry
  • Floor Space: 3000 - 3500 sqft
  • Foundation Type: Block
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 5
  • Amenities Nearby: Park
  • Community Features: Community Centre, School Bus
  • Features: Irregular lot size, Ravine, Sump Pump
  • Floor Space (approx): 3000 - 3500 Square Feet
  • Irregular: Yes
  • Lot Depth: 190.0 Feet
  • Lot Frontage: 63.0 Feet
  • Lot Size: 63 x 190 FT ; LOT IS 90' WIDE AT THE BACK
  • Structure Type: Porch
  • Zoning: RL2, RM
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX ESCARPMENT REALTY INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 13 MCMASTER AVENUE, Welland, Ontario, L3B 3S6

Demographic Information of 13 MCMASTER AVENUE, Welland, Ontario, L3B 3S6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$94,570.29

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.66 %

High school certificate or equivalent

35.3 %

Apprenticeship trade certificate/diploma

7.62 %

College/non-university certificate

30.03 %

University certificate (below bachelor)

0.08 %

University Degree

8.31 %

Commuter

Travel To Work

By Car

90.96 %

By Public Transit

0.01 %

By Walking

0.46 %

By Bicycle

0.0 %

By Other Methods

8.57 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

8.49 %

Houses

91.51 %

Own Vs. Rent

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