224 MITCHELL STREET
Port Colborne (East Village), Ontario
MLS® X12887386
$664,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12887386
- Bedrooms
- 11
- Bathrooms
- 7
- Year built
- —
1 / 28Listing description
Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. The offering includes three separate buildings located at 220 Mitchell St. , 224 Mitchell St.
, and 59 Louis St. , currently generating rental income from existing tenants. 220 Mitchell Street: Two tenants generating $2,500 in combined monthly rental income.
224 Mitchell Street: Currently configured with three renovated and tenanted main floor one-bedroom units plus an unfinished upstairs area. 59 Louis Street: Two dwelling units with attached garage. One unit currently generating $700 per month and one unit currently vacant.
The property also features a detached garage and additional storage shed. Current combined gross monthly rental income from occupied units is $6,850. Major capital improvements across the portfolio include roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades.
Conveniently located close to amenities, parks, and the historic Welland Canal corridor.
Property summary
- MLS® number
- X12887386
- Property type
- Multi-family
- Building type
- Other
- Land size
- 60.3 x 90 FT
- Annual property taxes
- $5,499.00
- Parking
- 4 spaces · No Garage
- Days on market
- 163 days
Features & details
- Heating
- Baseboard heaters, Forced air, Electric, Natural gas
- Cooling
- None
- Basement
- Partial
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $664,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE, NIAGARA FALLS.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.