$485,000
 $2,604 est/mo Sourced by Back At You

246 Kent Street , Port Colborne, ON L3K 3A1

Port Colborne, ON L3K 3A1

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Description

Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a "Legal Duplex," offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent month to-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. RENTS: MAIN FLOOR RENT $769 PLUS HYDRO AND UPPER (2ND AND 3RD FLOOR) $871.25 PLUS HYDRO

Details

MLS#X9365293
Listing TypeFor Sale
Sub-TypeResale
StatusExtension
Days On Site141
Listing Provided ByRE/MAX NIAGARA REALTY LTD, BROKERAGE | Not Provided

Features

Bed(s)5
Bath(s)2
BasementY
Property ViewGarden, Panoramic, Trees, Woods
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 3 hours ago
StateON
CountyNiagara
CityPort Colborne
Zip CodeL3K 3A1
Area878 Sugarloaf
Listing VS Median (in L3K 3A1)
Price:
$485,000
low | high
Med:
$599,900
26.309278350515% of Average
On Site:
141
low | high
Med:
26.000000
100% of Average
Sourced by Back At You
Listing Updated: January 30, 2025 at 2:50:27 AM PST