$449,900

193-197 Main Street W

Port Colborne ON, L3K 3V7

Description

Great opportunity to own a mixed commercial/residential building in the heart of Port Colborne. With 2 main floor retail units each with their own storage, washroom, and full basements along with 2 big upstairs two bedroom residential units each with their own sunrooms this property offers great diversification for an owner occupied retail unit or long term investment. The rear parking lot will hold 8-10 cars which is enough for your tenants and retail units to have private parking controlled by the owner in addition there are two city owned lots within walking distance that offer free parking. The new owner will be a member of the local BIA that offers many perks including yearly grants to help with building investments (See city website for details). The current owner has continued to invest in the building and within approx. the last 10 years has updated the roof, furnaces, central air (dance store only), and main level retail doors and main picture windows. Heating is done by natural gas and there are 4 separate hydro meters with 1 water and 1 gas meter. Great opportunity to increase current rent roll of property with both retail units offering vacant possession to new owner and when residential tenants turn over current market rents have potential to be $1200 + hydro for each residential unit and both commercial units to be $1200 each + hydro for potential total of $4800 gross monthly from the building.

Details

MLS#40033001
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site17

Features

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Area Information
ProvinceON
CountyNiagara
CityPort Colborne
Postal CodeL3K 3V7
Area8 - Port Colborne / Wainfleet
Listing VS Median (in L3K 3V7)
Price:
$449,900
low | high
Med:
$449,900
50% of Average
On Site:
17
low | high
Med:
17
100% of Average
Listing Updated: 10/28/2020
Jon-Paul Hunt LogoMLS Number: 40033001
Listing Provided By:
Jon-Paul Hunt  of  Rock Star Real Estate Inc. Brokerage
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