223 Main Street West

Port Colborne, ONMulti-family
$515,000
MLSĀ® X13582758
Multi-family4 beds3 baths8 total
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About This Property

This is an incredible prime opportunity to own a well built triplex in a convenient & desirable downtown location in Port Colborne. Situated in a High Traffic area on revitalized Main St W, this property offers the perfect balance of comfort and convenience, making it an ideal investment with good cash flow opportunity or multi-family property. This charming triplex features a 1 bedroom and a 2 bedroom unit on the main floor and a 1 bedroom unit upstairs. Each comes with their own classic character. Kitchens are well-equipped and bedrooms are spacious. Each Separately metered and 2 hot water tanks providing added privacy and efficiency for the tenants. The shared outdoor space adds appeal. The thoughtful layout includes separate entrances allowing for privacy and separation within each unit. Basement has its own door which can be shared for storage and laundry facilities. With a large front picture window, the front air conditioned 1 bedroom unit can be converted to a commercial space. In addition, the property provides 8 parking spots ensuring that residents and visitors have no trouble finding space. Whether you're looking to add to your real estate portfolio or enjoy a peaceful living environment with rental income potential, this purpose built triplex offers great value in a fantastic location. One unit currently tenanted, this triplex is a reliable income-generating asset. The property's potential cash flow makes it an ideal choice for investors seeking a stable and lucrative addition. Don't miss this opportunity to secure a property that merges timeless appeal with strong rental potential. Builders & developers take note: the city permits additional units to be built determined by how many parking there are. Only minutes away from local beaches, shopping, & restaurants, this unique property offers an opportunity that can't be missed. Independent Addresses: 219, 221 and 223 Main St W. (id:63604)

Key Facts

Type
Multi-family
Beds
4
Baths
3
Size
2,000 sqft
Lot
35.1 x 179.6 FT
Parking
8 total

Highlights

  • Refrigerator
  • Stove
Property Details 18 details
Bedrooms
4 bedrooms
4 above grade
Bathrooms
3 bathrooms
Parking
8 parking spaces
No Garage
Living area
2,000 - 2,500 sq. ft.
Property
Multi-family Ā· Attached
Property subtype
Multi-family
Structure type
Triplex
Attached status
Attached
Storeys
2
Basement
Unfinished
Heating
Baseboard heaters, Forced air, Electric, Natural gas
Cooling
Central air conditioning
Fireplace
Yes
Lot dimensions
35.1 x 179.6 FT
Frontage
35.10 feet
Taxes
$3,767.00
Zoning
CC
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

RefrigeratorStoveSeparate Electricity MetersFireplace(s)

Exterior features

Vinyl sidingBrick FacingBlock

Systems and association

Smoke DetectorsSewerElectricityCable

Lot and water

Irregular lot size
Rooms 13 rooms
Level
Room
Dimensions
Main level
Kitchen
Not specified
Upper Level
Bedroom
Not specified
Basement
Workshop
Not specified
Basement
Office
Not specified
Main level
Living room
Not specified
Main level
Bedroom
Not specified
Main level
Kitchen
Not specified
Main level
Living room
Not specified
Main level
Dining room
Not specified
Main level
Primary Bedroom
Not specified
Main level
Bedroom 2
Not specified
Upper Level
Kitchen
Not specified
Upper Level
Living room
Not specified
Mortgage & Affordability Estimate monthly costs
Purchase price$515,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Main Street
City
Port Colborne
Postal code
L3K 3V7
Nearby
Main St W and King St