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$ 749,900
Est. payment /mo
New
152 WEST STREET Port Colborne (sugarloaf), ON L3K4E1
4 Beds
4 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $374
Subdivision 878 - Sugarloaf
MLS® Listing ID X12094490
Bedrooms 4
Originating Board Niagara Association of REALTORS®
Property Description
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. (id:24570)
Location
Province ON
Lake Name Welland Canal
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Wall unit
Fireplaces Number 1
Exterior
Parking Features No
View Y/N Yes
View View, Unobstructed Water View
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Water Welland Canal
Others
Virtual Tour https://www.youtube.com/watch?v=UFrTrqEOEN4
Listed by ROYAL LEPAGE NRC REALTY