129 Durham St, Port Colborne, L3K 1E1

Home Overview

Description

Discover A Solid Investment Opportunity At 129 Durham St, Port Colborne. This Property Offers Four Suites, Two In The Front Structure And Two In The Back, All Currently Vacant, Allowing You To Choose Your Tenants And Secure Top-Market Rent Near The 1% Rule With A Potential Noi Of $50,000 Upon Filling Vacant Units. Each Suite Has Separate Meters For Hydro And Water, With Sub-Meters Installed, Leaving Only Gas Expenses To The Landlord. Tenants Benefit From Ample Off-Street And Street Parking Options. Shared Laundry Facilities Are Available On-Premise For Added Convenience. Located In An Area With Affordable Property Taxes, Strong Rental Demand, And Low Vacancy Rates, 129 Durham St Provides A Practical Investment Opportunity. Capital Improvements Made In 2022/2023 Include A New Furnace For Units 3 & 4 In The Back Structure, New Windows, Roof, Soffit, Eavestrough, And Gutters.

24 days

On Market

Fourplex

Property Type

$1,355 / Year

Est. Taxes

$0 / Month

Maint. Fees

-

Locker

51-99

Years Old