ON > Port Colborne (main Street) > 877 - Main Street
Port Colborne (main Street), ON L3K3R2,24 CHARLES STREET
Port Colborne (main Street), ON L3K3R2,24 CHARLES STREET
Port Colborne (main Street), ON L3K3R2,24 CHARLES STREET
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Rick Mooney

Rick Mooney

+1(705) 542-4685
$990,000
Est. payment /mo
3,907 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,907 sqft

Price per Sqft $253

Subdivision 877 - Main Street

MLS® Listing ID X12641986

Source Toronto Regional Real Estate Board

Property Description

This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 5.6% cap rate on entry based on conservative underwriting, the property features three spacious and well-designed units, including a premium three-bedroom, two-storey main suite with high-end finishes, contemporary design, and an impressive ~600 sq. ft. primary bedroom complete with a walk-in closet and ensuite bathrooms. The two additional units-a below-grade suite and a side-entry unit-provide functional layouts and broad rental appeal, with all units equipped with in-suite air conditioning and laundry. The property includes ample on-site parking, accommodating more than two vehicles per unit with additional space for larger vehicles or storage. Utilities are allocated through an equal-billing structure, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, creating predictable operating costs. The asset is currently operated as an Airbnb, offering added income potential where permitted. This triplex is one half of a two-building portfolio, sharing an adjoining wall with a matching triplex next door, allowing investors the opportunity to scale with a complementary asset. Turnkey, modern, and income-producing, this is a rare chance to secure a high-quality new-build investment in a strong rental market. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Private Pool No

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Rick Mooney

Rick Mooney

+1(705) 542-4685

Agent | License ID: 156413

Agent License ID: 156413

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