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Renanza Realty
For sale

86 ADELAIDE STREET

Port Colborne (Sugarloaf), Ontario

MLS® X12871792

$599,900

Status
Active
Property type
Multi-family
MLS® number
X12871792
Bedrooms
5
Bathrooms
3
Year built

Listing description

This is a great turnkey investment opportunity. Monthly income $3. 121.

Start earning cashflow immediately! Fully tenanted triplex in Port Colborne. Three units, each with their own entrance.

1) Front Main Floor Unit - 1 bedroom, 1 bathroom (3pc) with a nice kitchen, lots of colour and character throughout. Entrance through the covered front porch. 2) Back Main Floor Unit - 1 bedroom, 1 bathroom (4pc) with a smaller kitchen & living room space.

Entrance on the back of the house, private deck as well. 3) Upper Unit - 3 bedrooms, 1 bathroom (4pc), living room, dining room and kitchen. Also has a sunroom, and an upper 3rd level loft space.

This unit has two separate entrance, through the front door and exterior stairway in the back with covered balcony. The Upper Unit is heated by a gas boiler, and has it's own hydro (tenant pays heat, hydro and HWT rental). Main floor units are heated with a gas forced air furnace, shared hydro meter.

Two hot water tanks, owned. Basement is full, unfinished and has joint access for laundry appliances (included). Also included is all kitchen appliances (stove x3, fridge x3, and dishwasher x1).

This triplex sits on a huge lot with a double wide driveway fitting up to 6 cars. Open backyard with a storage shed, garbage storage, and a fire-pit. Great location close to Lake Erie, Sugarloaf Marina & Park, Downtown Restaurants & Shops, Library, Schools, Hospital, Public Transit, and more!

This makes for an excellent long-term investment opportunity in a city that is growing rapidly in economic development and value

Property summary

MLS® number
X12871792
Property type
Multi-family
Building type
Triplex
Land size
66 x 165 FT
Annual property taxes
$3,984.00
Parking
6 spaces · No Garage
Days on market
190 days

Features & details

Heating
Forced air, Natural gas
Cooling
Window air conditioner, None
Basement
Unfinished, Full
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer
Exterior features
Stucco
Lot features
Guest Suite, In-Law Suite

What would this home cost you?

Based on the $599,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,791 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE, WELLAND.

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.