$1,649,000
( $282.51Per Sq Foot )
 $8,852 est/mo Sourced by Back At You

335 Wellington Street , Port Colborne, ON L3K 2K4

Port Colborne, ON L3K 2K4

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Description

This 8-unit building at 335 Wellington Street, Port Colborne, offers a prime investment opportunity in a highly sought-after location. The building consists of five commercial units and three residential apartments, with a total leasable area of approximately 5,837 square feet. Situated on a 0.26-acre site, it features 12+ parking spaces and has been well-maintained, with recent renovations exceeding $300,000. The commercial units, ideal for a variety of businesses, complement the residential apartments, offering diverse rental income streams. The property has undergone significant upgrades, including new plumbing, electrical systems, flooring, and more in Units 6 and 7, ensuring minimal capital expenditures for the new owner. The building is zoned for Highway Commercial use, offering flexibility for future development or changes in tenant mix. The site is in good condition, requiring minimal seasonal maintenance, and boasts great curb appeal with newer exterior finishes and well-maintained parking areas. Whether youre looking for stable rental income or long-term value appreciation, this property stands as a compelling investment in the evolving Port Colborne real estate market. This is a rare opportunity to secure a property with both commercial and residential components in an expanding urban area. Dont miss out on this exceptional chance to invest.

Details

MLS#40649189
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site47
Listing Provided ByEXP REALTY OF CANADA INC | Robert Piperni

Features

SQ Feet5,837
Garage1
BasementY
Story(s)2
ZoningHC
Acreage0.26
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 Information Technology of Southern Ontario MLS.

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Listings Checked: 2 minutes ago
ProvinceON
CountyNiagara
CityPort Colborne
Postal CodeL3K 2K4
AreaPort Colborne | Wainfleet
Subarea875 Killaly East
Community Name875 Killaly East
Listing VS Median (in 875 Killaly East)
Price:
$1,649,000
low | high
Med:
$524,900
100% of Average
SqFt:
5,837
low | high
Med:
1,338
100% of Average
$ / SqFt:
$283
low | high
Med:
$392
11.136055642728% of Average
On Site:
47
low | high
Med:
28.000000
100% of Average
Sourced by Back At You
Listing Updated: October 14, 2024 at 1:12:01 PM PDT