$ 699,000
-
$699,000
Price -
11
Bed -
7
Bath -
5,000
SqFt
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About the Listing 322302 -
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 undeveloped 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. Offered under Power of Sale on an as-is, where-is basis with no representations or warranties from the seller.
Listing Highlights
Status
Pending
Days on Site
31
Property Type
Multi-Family
MLS ®
X12887386
Year Built
Total Square Footage
5,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 11
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partial Basement
- Other: 7 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Shingles
- Others:
- Sewer: Sewer
- Parking Features: No Garage
Financial Details
- Tax Amount: $5,499
- Taxes w/Assessments: N/A
- Tax/Property ID: 641640147
- Tax Year: 2025
Payment Calculator
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Questions About..
224 Mitchell St Port Colborne, ON L3K 1Y3
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