13 MCMASTER AVENUE, Welland (Welland Downtown)
$899,900
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 8 bedrooms, 5 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X13747618
- Neighbourhood
- 768 - Welland Downtown
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.
Sold data
Homes in Welland Downtown — recent sold market
Homes in Welland Downtown took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 63, across 48 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $427,400.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 26
- Median sale price
- $427,400
- Sale-to-list ratio
- 95.7%
- Sold above asking
- 2%
Based on 48 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Welland (Welland Downtown)
Welland (Welland Downtown) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.
- Rated schools
- 23
- Elementary
- 18
- Secondary
- 5
- Average rating
- 6.5 / 10
Top-rated schools in Welland (Welland Downtown)
- Plymouth — elementary, WellandFraser rating 10.0/10
- Fitch Street — elementary, WellandFraser rating 8.1/10
- Glendale — elementary, WellandFraser rating 8.1/10
- Holy Name — elementary, WellandFraser rating 7.9/10
- Quaker Road — elementary, WellandFraser rating 7.6/10
- Diamond Trail — elementary, WellandFraser rating 7.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 13 MCMASTER AVENUE
$1,049,900
Multiplex953,000–3,500 sqft256 LINCOLN STREET, 768 - Welland Downtown, Welland
$999,900
Multiplex852,500–3,000 sqft13/15 DUNCAN STREET W, 773 - Lincoln/Crowland, Welland
$1,040,000
Multiplex8+243,000–3,500 sqft8655 WESTPORT DRIVE, 219 - Forestview, Niagara Falls
$945,000
Detached8+452,500–3,000 sqft40 ELDERBERRY ROAD, 558 - Confederation Heights, Thorold
$1,439,000
Detached8+363,000–3,500 sqft127 LAMETTI DRIVE, 662 - Fonthill, Pelham
$1,199,000
Other8006 NORTON STREET S, 223 - Chippawa, Niagara Falls
$799,900
Detached422,000–2,500 sqft2996 NINTH STREET, 980 - Lincoln-Jordan/Vineland, Lincoln
$1,199,900
Detached7+352,500–3,000 sqft3603 CANFIELD CRESCENT, 327 - Black Creek, Fort Erie