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Port Colborne,ON L3K 3A1
Key Details
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $269
MLS Listing ID 40651350
Bedrooms 5
Abv Grd Liv Area 2,400
Originating Board Niagara
Year Built 1918
Annual Tax Amount $3,318
Property Description
Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a "Legal Duplex," offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent month-to-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset.
Location
Province ON
County Niagara
Area Port Colborne/Wainfleet
Zoning R2
Direction STEELE ST TO KENT ST
Rooms
Basement Other,Full,Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters,Other
Heating Radiant
Cooling Other
Fireplace No
Appliance Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Exterior Feature Balcony,Controlled Entry,Privacy,Separate Hydro Meters,Storage Buildings
Garage Detached Garage
Garage Spaces 1.0
Waterfront No
Waterfront Description Access to Water
Roof Type Asphalt Shing
Handicap Access Multiple Entrances
Porch Patio,Porch
Lot Frontage 40.0
Lot Depth 124.0
Parking Type Detached Garage
Garage Yes
Building
Lot Description Rectangular,Near Golf Course,Greenbelt,Hospital,Marina,Open Spaces,Park,Place of Worship,Playground Nearby,Public Parking,Public Transit,School Bus Route,Schools,Shopping Nearby
Faces STEELE ST TO KENT ST
Story 3
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Schools
Elementary Schools Steele, Mckay, John Bosco Catholic
High Schools Port High, Lakeshore Catholic
Others
Senior Community No
Tax ID 641620117
Ownership Freehold/None