4 Beds 4 Bath

152 West Street, Port Colborne, ON L3K 4E1

Port Colborne L3K 4E1 Ontario

MLS: X12094490

$749,900

Added 14 days ago | For Sale

Listed by: ROYAL LEPAGE NRC REALTY

About Property

Calling all investors: I proudly present a charming and well-maintained 4-plex in one of the city's most walkable and vibrant neighbourhoods. 152 West Street is an income-producing property located directly infront of the Welland Canal with unobstructed views of the Bridge and cruise ships floating through. You're conveniently located on the strip beside some of Ports best downtown shops & restaurants... Hello wood fired pizza at the Lock! All four units are 1 bedroom, 1 bathroom, each with their own private exterior entrance and showcasing hardwood flooring, original charm, and thoughtful character throughout. The two upstairs apartments both have their own balcony's as well! The numbers from 2024 are: Gross Annual Income: $49,608, Annual Expenses (Insurance, Utilities, Taxes): $12,017 leaving your Net Operating Income: $37,591. Three of the units are currently occupied by excellent long-term tenants, and one unit will be delivered vacant giving you the chance to set your own rent and further increase income. Theres also parking for 6+ vehicles located at the rear of the building, something rarely available in this location. If you've been looking to add a stable and well-situated investment to your portfolio in a location like no other that rarely comes available, this is one worth considering.

Features

  • House Style:Fourplex
  • Bathrooms:4
  • Land Size: 24 X 142.56
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Between Kent & Victoria on West St
  • Basement:Partial Basement,Unfinished , Partial Basement,Unfinished
  • Possession Date:
  • Annual Property taxes: $3975
  • Bedrooms:4
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12094490

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 info@housekarma.ca
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