Port Colborne L3K 3V7
Canada

Property

Ownership: For Sale
Type: Unknown
Bathrooms: 4
Pets: Pets No

Financials

Price:C674,900
($482,506)
(€414,314)
Annual Taxes:C6,829
505 Park Ave, New York, NY 10022

Exceptional mixed use investment opportunity in the heart of Port Colborne's revitalizing downtown.

Description

Exceptional mixed-use investment opportunity in the heart of Port Colborne's revitalizing downtown. This solid building offers three one-bedroom residential units and one retail storefront, with a total building area of 2,706 sq. ft. Situated on a 56' x 179' lot with ample parking and strong visual exposure, the property combines stable income with long-term growth potential. Two of the residential units are currently vacant, presenting immediate upside for an investor to set market rents. The occupied unit is tenanted by a reliable resident, while the commercial space is also leased, providing steady cash flow. Located within Port Colborne's East Waterfront Community Improvement Project Area (CIP), the property is eligible for municipal incentives that support both building upgrades and redevelopment. These include façade improvement funding, residential rehabilitation grants, and tax increment programs. With Downtown Commercial (CC) zoning, investors have flexibility for mixed-use operations and the potential for further intensification of the site. This property is ideally positioned for investors seeking income stability today and development potential for tomorrow, all within a high-visibility downtown location minutes from the marina, transit, and major highways.

Amenities

  • Available
  • Major Highway
  • Recreation/Community Centre

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.