$405,000
$419,888
3.5%For more information regarding the value of a property, please contact us for a free consultation.
725 King Street Port Colborne, ON L3K 4J1
3 Beds
3 Baths
1,838 SqFt
Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 1,838 sqft
Price per Sqft $220
MLS Listing ID 40459970
Sold Date 04/16/24
Bedrooms 3
Abv Grd Liv Area 1,838
Originating Board Niagara
Annual Tax Amount $3,057
Property Description
This triplex conveniently located on the west side of growing Port Colborne is the perfect addition to any investor’s portfolio. Whether you want to continue renting out all three units, or live in the large back unit and have the other renters pay your mortgage, this is an excellent opportunity either way. Bottom units can be joined to create one large main floor living area. Plenty of upside potential for massive returns in the future. Bottom two units rent for $622 respectively and upper unit is rented for $1100. All tenants pay their own hydro. Total rent per month $2344. Plumbing has been updated to ABS and Pex, hot water heat, and four separate meters. Crawl space has been recently insulated and lined with vapor barrier. Units have been well maintained and the lower rentals are extremely reliable and help maintain the property including landscaping and grass cutting. This is a solid building with minimal maintenance.
Location
State ON
County Niagara
Area Port Colborne / Wainfleet
Zoning R2
Direction Main to king
Rooms
Basement Partial, Unfinished
Kitchen 0
Interior
Interior Features None
Heating Natural Gas, Radiant
Cooling None
Fireplace No
Appliance Refrigerator, Stove
Laundry In-Suite
Exterior
Parking Features Gravel
Roof Type Asphalt Shing
Lot Frontage 66.0
Lot Depth 130.8
Garage No
Building
Lot Description Urban, Rectangular, City Lot, Hospital, Library, Schools
Faces Main to king
Story 2
Foundation Poured Concrete, Stone
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Aluminum Siding,Stucco
New Construction No
Others
Senior Community false
Tax ID 641490023
Ownership Freehold/None
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