$ 485,000
246 Kent ST Port Colborne, ON L3K 3A1
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$ 485,000
Est. payment | /mo
5 Beds
2 Baths
$ 485,000
Est. payment | /mo
5 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X9365293
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $3,318
Tax Year 2024
Property Description
Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a "Legal Duplex," offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent month to-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. RENTS: MAIN FLOOR RENT $769 PLUS HYDRO AND UPPER (2ND AND 3RD FLOOR) $871.25 PLUS HYDRO
Location
Province ON
County Niagara
Zoning R2
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 2
Interior
Interior Features Accessory Apartment, Separate Hydro Meter, Storage, Water Heater, Water Meter, In-Law Capability
Cooling Other
Exterior
Exterior Feature Landscaped, Lighting, Privacy, Porch, Recreational Area, Year Round Living
Garage Private
Garage Spaces 4.0
Pool None
View Garden, Panoramic, Trees/Woods
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Concrete Block
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE