224 Mitchell Street.
Port Colborne (east Village), ON  $699,000

Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. This offering includes three separate buildings with a total of 7 finished residential units + 1 undeveloped area located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., providing strong current income with additional value-add potential. 224 Mitchell Street: Configured with three renovated and tenanted one-bedroom units, plus an undeveloped upstairs area offering future value-add potential (buyers to complete their own due diligence regarding permitted use, zoning, and any required approvals). 220 Mitchell Street (2 units): Two one-bedroom units, both currently tenanted at $1,250 per month, generating $2,500 in monthly income. 59 Louis Street (2 units): One one-bedroom unit currently generating $700 per month and one unit currently vacant with a previous rent of $1,050 per month. The property also features a detached garage and additional storage shed, providing further tenant convenience and potential rental value. Across the portfolio there are six renovated and tenanted units, one vacant unit at 59 Louis St ready for re-tenanting, and an undeveloped upstairs area at 224 Mitchell with future income potential. Major capital improvements have been completed across the properties, including roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades, helping reduce near-term maintenance concerns. With eight units across three buildings, this package presents a compelling opportunity for investors seeking a stabilized asset with additional redevelopment and rental upside. Conveniently located close to amenities, parks, and the historic Welland Canal corridor, which continues to support growth and revitalization in the area. (id:58067)

Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. This offering includes three separate buildings with a total of 7 finished residential units + 1 undeveloped area located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., providing strong current income with ...

additional value-add potential. 224 Mitchell Street: Configured with three renovated and tenanted one-bedroom units, plus an undeveloped upstairs area offering future value-add potential (buyers to complete their own due diligence regarding permitted use, zoning, and any required approvals). 220 Mitchell Street (2 units): Two one-bedroom units, both currently tenanted at $1,250 per month, generating $2,500 in monthly income. 59 Louis Street (2 units): One one-bedroom unit currently generating $700 per month and one unit currently vacant with a previous rent of $1,050 per month. The property also features a detached garage and additional storage shed, providing further tenant convenience and potential rental value. Across the portfolio there are six renovated and tenanted units, one vacant unit at 59 Louis St ready for re-tenanting, and an undeveloped upstairs area at 224 Mitchell with future income potential. Major capital improvements have been completed across the properties, including roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades, helping reduce near-term maintenance concerns. With eight units across three buildings, this package presents a compelling opportunity for investors seeking a stabilized asset with additional redevelopment and rental upside. Conveniently located close to amenities, parks, and the historic Welland Canal corridor, which continues to support growth and revitalization in the area. (id:58067) Read More

224 Mitchell Street. Port Colborne (east Village), ON
$699,000

Listed by Re/max Niagara Realty Ltd, Brokerage