$1,150,000
Available - For Sale
Listing ID: X12757304
20 Erie Street , Port Colborne, L3K 4L7, Niagara
| Exceptional Investment Opportunity - Rare income-producing property with character and strong upside potential in the heart of Port Colborne. This purpose-built nineplex was thoughtfully converted from a former church in 2010, creating a distinctive building with excellent unit mix and rental flexibility. This multi-unit property delivers nine self-contained residential units and a large paved parking area with 15 spaces, a significant asset in a market where parking is at a premium. Each unit benefits from separate metering and functional layouts, offering investors stable income today and strong potential to increase rents in the future. The location adds to the appeal - just minutes from downtown Port Colborne, local schools, transit options, shops, restaurants, and the scenic waterfront, making the property attractive to a wide range of tenants.Whether you're expanding your portfolio or entering the multi-family market, this well-maintained & income-producing nineplex combines character, space, and future growth opportunities in one of Niagara's established communities. Unit mix includes 2x1 bed, 6x1 bed+den, and 1x2 bed+den. |
| Price | $1,150,000 |
| Taxes: | $11179.04 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 20 Erie Street , Port Colborne, L3K 4L7, Niagara |
| Postal Code: | L3K 4L7 |
| Province/State: | Niagara |
| Legal Description: | PT LTS 2 & 3 PL 777 HUMBERSTONE BEING PA |
| Directions/Cross Streets: | Off Killaly St W, between King St and Elm St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | F |
| Total Area: | 6634.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 6634 |
| Office/Appartment Area Code: | Sq Ft |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX PROFESSIONALS INC. |
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Lynn Tribbling
Sales Representative
Dir:
416-252-2221
Bus:
416-383-9525
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Port Colborne |
| Neighbourhood: | 877 - Main Street |
| Tax: | $11,179.04 |
| Fireplace: | N |
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