CAONPort Colborne220-228 West St
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220-228 West St, Port Colborne, ON

House

For Sale

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0012

MLS® X12996310

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $30,009
Days Active 2
Lot Size 
Approx. Age 
MLS® Number X12996310

Property Address: 220-228 West St, Port Colborne, ON, L3K4E3

Average square foot calculated using Size range provided by listing agent.

Description

An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120, 217 and in-place net operating income (NOI) is approximately $61, 546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1, 100/month for Port Colborne, consistent with published CMHC averages of $1, 082 for one-bedroom and $1, 118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101, 663 and a cap rate of 6.788% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40, 272, representing a 61.6% gain on current residential rents (id:58753)Show Description
MLS® NumberX12996310
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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  • Commute

Commute

Starting Address
Destination Address
220-228 West St, Port Colborne, ON

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