CAONPort Colborne664 King St
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664 King St, Port Colborne, ON

Real Estate

For Sale

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000

MLS® X12641984

  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential Income
Size 3907 sqft
Garage No
Taxes $7,578
Days Active 1
Lot Size 
Approx. Age 
Avg. Price Per Sqft $253
MLS® Number X12641984

Property Address: 664 King St, Port Colborne, ON, L3K4H8

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

Description

This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 5.6% cap rate on entry based on conservative underwriting, the property features three spacious and well-designed units, including a premium three-bedroom, two-storey main suite with high-end finishes, contemporary design, and an impressive ~600 sq. Ft. Primary bedroom complete with a walk-in closet and ensuite bathrooms. The two additional units-a below-grade suite and a side-entry unit-provide functional layouts and broad rental appeal, with all units equipped with in-suite air conditioning and laundry. The property includes ample on-site parking, accommodating more than two vehicles per unit with additional space for larger vehicles or storage. Utilities are allocated through an equal-billing structure, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, creating predictable operating costs. The asset is currently operated as an Airbnb, offering added income potential where permitted. This triplex is one half of a two-building portfolio, sharing an adjoining wall with a matching triplex next door, allowing investors the opportunity to scale with a complementary asset. Turnkey, modern, and income-producing, this is a rare chance to secure a high-quality new-build investment in a strong rental market. (id:58753)Show Description
MLS® NumberX12641984
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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Starting Address
Destination Address
664 King St, Port Colborne, ON

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