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$999,000
Available - For Sale
Listing ID: X11962911
8 UNIT MULTIPLEX! INCREDIBLE MULTI-UNIT INVESTMENT OPPORTUNITY IN PORT COLBORNE!Discover the potential of 220-224 Mitchell & 59 Louis, a unique multi-property package featuring three separate dwellings including two duplexes and a fourplex for a total of eight units! This cash-flowing investment boasts six fully renovated and rented units, one rented but unrenovated unit, and one gutted unit approved for a five-bedroom rooming house.224 Mitchell (Fourplex): Three renovated 1-bed units plus one gutted 5-bed unit, generating $3,700/month (with major upside once the 5-bed unit is completed).59 Louis (Duplex): A 1-bed unit and a bachelor unit, generating $1,700/month, plus a garage and shed for additional value.220 Mitchell (Duplex): Two 1-bed units, each rented at $1,250, bringing in $2,500/month.Total gross rental income of $7,900/month, with significant potential for increased cash flow once the unfinished unit is completed. All three properties have newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing for peace of mind. The city recognizes seven units, making this a rare and highly lucrative investment opportunity with both strong current income and future appreciation potential!
Price $999,000
Taxes: $5,177.2
Address: 224 MITCHELL St , Port Colborne, L3K 1Y3, Ontario
Lot Size: 60.28 x 90 (Feet)
Directions/Cross Streets: CORNER OF MITCHELL AND LOUIS ST
Rooms: 10
Washrooms: 7
Kitchens: 6
Family Room: N
Basement: None
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Upper
Property Type: Multiplex
Style: 2-Storey
Exterior: Stucco/Plaster
Wood
Garage Type: None
(Parking/)Drive: Other
Drive Parking Spaces: 2
Pool: None
Approximatly Age: 51-99
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Water
Central Air Conditioning: None
Central Vac: N
Elevator Lift: N
Sewers: Sewers
Water: Municipal
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RE/MAX NIAGARA REALTY LTD, BROKERAGE

224 MITCHELL St , Port Colborne, L3K 1Y3, Ontario

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Niagara
Municipality: Port Colborne
Neighbourhood:
Style: 2-Storey
Lot Size: 60.28 x 90.00(Feet)
Approximate Age: 51-99
Tax: $5,177.2
Maintenance Fee: $0
Beds:
Baths: 7
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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