Address
193-197 Main Street W Port Colborne, ON
Price
$ 449,900
Property Attributes
  • MLS#40033001
  • TypeCommercial
  • CountyNIAGARA
  • CityPort Colborne
  • Area8 - Port Colborne - Wainfleet
  • Neighborhood878 - Sugarloaf
  • ZipL3K 3V7
  • StyleBuilding and Land
  • Price$ 449,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4327
Listing Provided Courtesy Of:
Rock Star Real Estate Inc., Brokerage
Property 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.

Price History
10/13/2020 Listed $449,900

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in L3K 3V7

Price
AVG $150K
$450K
Visits
AVG 4
11

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