$1,499,000

220-228 West St, Port Colborne, L3K 4E3

0 Baths
12 Parking
sqft

-

Listing Overview

Description: An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.65% gain on current residential rents
2 months
On Market
Investment
Property Type
$30,009 / Year
Est. Taxes
Apartment
Style
Apts-6 To 12 Units
Business Type
-
Franchise

Location & Areas

Commute

220-228 West St, Port Colborne, L3K 4E3

Listing Details

Lot Depth:: 165 Feet
Lot Width:: 91 Feet
Style:: Apartment
Exterior Construction:: -
Roof Material:: -
Patio/Deck:: -
Driveway:: 12
Swimming Pool:: -

Schools nearby

Listing Brokerage

MLS® Listing: X12996316
Brokerage: ROYAL LEPAGE SIGNATURE REALTY

ROYAL LEPAGE SIGNATURE REALTY - Disclaimer: The information contained in this listing has not been verified by ROYAL LEPAGE SIGNATURE REALTY and should be verified by the buyer.

Data is deemed reliable but not guaranteed accurate by TRREB.