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! (id:4069)
Address
13 MCMASTER Avenue
List Price
$1,150,000
Property Type
Multi-family
Area
Ontario
Sub-Area
Welland
Bedrooms
8
Bathrooms
4
Floor Area
3,400 Sq. Ft.
MLS® Number
40726395
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Full (Partially finished)
Postal Code
L3B3S6
Zoning
RL2, RM
Features
Paved driveway, Laundry- Coin operated
