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1 / 42• 39 locked
220-228 West Street
Port Colborne, ON L3K 4E3
Price
$1,499,000
Building Size
0.3 sq ft
Lot: 13,024 sq ft
MLS# X12996310 | Listed by ROYAL LEPAGE SIGNATURE REALTY
Commercial Specifications
Parking
12 spaces
Property Description
An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.788% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.6% gain on current residential rents
Price & Status History
Price history is locked
Location
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220-228 West Street, Port Colborne L3K 4E3
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Guided by Vick Yogeswaran • REALTOR®
RE/MAX Realtron Realty Inc., Brokerage
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Listing Courtesy of: ROYAL LEPAGE SIGNATURE REALTY
This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.
Data Accuracy: While every effort has been made to ensure the accuracy of the information, HouseIndex.ca makes no warranties or representations as to the accuracy, completeness, or reliability of this data. All information should be independently verified. Last updated data may not reflect the most current MLS® listings.