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$ 664,900
Est. payment /mo
Price Dropped by $34K
224 Mitchell ST Port Colborne, ON L3K 1Y3
11 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision 876 - East Village
MLS Listing ID X12887386
Style 2-Storey
Bedrooms 11
Annual Tax Amount $5,499
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
State ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Partial Basement
Kitchen 7
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Electric
Exterior
Pool None
Waterfront Description None
Roof Type Shingles
Lot Frontage 60.28
Lot Depth 90.0
Total Parking Spaces 4
Building
Building Age 100+
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE