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Listed by Ray J Rosettani • RE/MAX NIAGARA REALTY LTD, BROKERAGE

$485,000

Est. payment - /mo

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5 BD

2 BA

1,800 SqFt

Active

246 Kent Street Port Colborne, ON L3K 3A1

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Diana Winger

dwinger@dianawinger.com +1(226) 705-3369

UPDATED:

09/26/2024 04:29 PM

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

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Diana Winger

Agent | License ID: BRBM2358

+1(226) 705-3369

Diana Winger

246 Kent Street Port Colborne, ON L3K 3A1

Diana Winger

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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246 Kent Street