725 King Street Port Colborne, Ontario L3K 4J1
$419,888
This triplex conveniently located on the west side of growing Port Colborne is the perfect addition to any investor’s portfolio. Whether you want to continue renting out all three units, or live in the large back unit and have the other renters pay your mortgage, this is an excellent opportunity either way. Bottom units can be joined to create one large main floor living area. Plenty of upside potential for massive returns in the future. Bottom two units rent for $622 respectively and upper unit is rented for $1100. All tenants pay their own hydro. Total rent per month $2344. Plumbing has been updated to ABS and Pex, hot water heat, and four separate meters. Crawl space has been recently insulated and lined with vapor barrier. Units have been well maintained and the lower rentals are extremely reliable and help maintain the property including landscaping and grass cutting. This is a solid building with minimal maintenance. (id:34139)
Property Details
| MLS® Number | 40459970 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Schools |
| Equipment Type | Water Heater |
| Features | Crushed Stone Driveway |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 3 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Stucco |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 1838 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| None |
Land
| Acreage | No |
| Land Amenities | Hospital, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 131 Ft |
| Size Frontage | 66 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/25878144/725-king-street-port-colborne
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September 12 2023 02:43:31
Niagara Association of REALTORS®
Royal LePage NRC Realty
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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.