224 Mitchell Street, Port Colborne, Ontario, Canada, L3K1Y3

664,900
for Sale
11
7
5000 +

About the property:

Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. The offering includes three separate buildings located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., currently generating rental income from existing tenants. 220 Mitchell Street: Two tenants generating $2,500 in combined monthly rental income. 224 Mitchell Street: Currently configured with three renovated and tenanted main floor one-bedroom units plus an unfinished upstairs area. 59 Louis Street: Two dwelling units with attached garage. One unit currently generating $700 per month and one unit currently vacant. The property also features a detached garage and additional storage shed. Current combined gross monthly rental income from occupied units is $6,850. Major capital improvements across the portfolio include roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades. Conveniently located close to amenities, parks, and the historic Welland Canal corridor.

Extra info:

N/A
Multiplex other
Property Type:
Multiplex
Status:
for Sale
House Style:
other
Bedrooms:
11
Bathrooms:
7
Land Size:
60.28 x 90 FT
Parking Places:
4
Heating Type:
Baseboard
Heating Fuel:
Electric
Cross Street:
Louis St & Mitchell St
Exterior:
Vinyl Siding
Basement:
Partial Base, Partial Base
Fronting On:
W
Possession Date:
60-90
Annual Property Taxes:
5,499
Listing ID:
X12887386

Rooms

Dimensions

Brokered by:
RE/MAX Niagara Realty Ltd, Brokerage
Source: TRREB/PROPTX
Presented By:

Jordan McGarvey

Sales Representative

RE/MAX Niagara Realty Ltd., Brokerage*