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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$699,000
Available - For Sale
Listing ID: X12887386
Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. This offering includes three separate buildings with a total of eight residential units located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., providing strong current income with additional value-add potential. 224 Mitchell Street (4 units): Currently configured with three fully renovated one-bedroom units plus one unit that has been taken back to the studs waiting to be completed as a value addition, presenting significant upside once completed. 220 Mitchell Street (2 units): Two one-bedroom units, both currently tenanted at $1,250 per month, generating $2,500 in monthly income. 59 Louis Street (2 units): One one-bedroom unit currently generating $700 per month and one unit currently vacant with a previous rent of $1,050 per month. The property also features a detached garage and additional storage shed, providing further tenant convenience and potential rental value. Across the portfolio there are six renovated and tenanted units and two vacant units ready for finishing and re-tenanting. The current combined gross monthly income from occupied units totals $6,850, with potential gross income of $7,900 per month once both vacant units are filled. Major capital improvements have been completed across the properties, including roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades, helping reduce near-term maintenance concerns. Plumbing repairs have also been completed in the vacant units. With eight units across three buildings, this package presents a compelling opportunity for investors seeking a stabilized asset with additional redevelopment and rental upside. Conveniently located close to amenities, parks, and the historic Welland Canal corridor, which continues to support growth and revitalization in the area.
Price $699,000
Taxes: $5,499
Assessment Year: 2025
Occupancy by: Tenant
Address: 224 Mitchell Street , Port Colborne, L3K 1Y3, Niagara
Directions/Cross Streets: Louis St & Mitchell St
Rooms: 10
Bedrooms: 11
Bedrooms +: 0
Washrooms: 7
Family Room: F
Basement: Partial Base
No. of Pieces Level
Washroom 1:  3
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  3
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  3
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  3
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  3
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  3
Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  3
Washroom 37:  0
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Washroom 41:  3
Washroom 42:  0
Washroom 43:  0
Washroom 44:  0
Washroom 45:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
Drive Parking Spaces: 2
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 5000 +
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RE/MAX NIAGARA REALTY LTD, BROKERAGE

224 Mitchell Street , Port Colborne, L3K 1Y3, Niagara

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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Type: Freehold - Multiplex
Area: Niagara
Municipality: Port Colborne
Neighbourhood: 876 - East Village
Style: 2-Storey
Lot Size: x 90.00(Feet)
Approximate Age: 100+
Tax: $5,499
Maintenance Fee: $0
Beds: 11
Baths: 7
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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