246 Kent Street , Port Colborne, ON L3K 3A1
Port Colborne, ON L3K 3A1
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.
Details
| MLS# | 40651350 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1918 |
| Days On Site | 15 |
| Listing Provided By | RE/MAX NIAGARA REALTY LTD, BROKERAGE | Ray J Rosettani |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,800 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | R2 |
| Golf Course | Yes |
| Water Front | Yes |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Port Colborne |
| Postal Code | L3K 3A1 |
| Area | Port Colborne | Wainfleet |
| Subarea | 878 Sugarloaf |
| Community Name | 878 Sugarloaf |
| School District | Port High, Lakeshore Catholic |
| Elementary School | Steele, Mckay, John Bosco Cathol |
| Listing VS Median (in 878 Sugarloaf) | |
Price: $485,000 low | high Med: $684,500 SqFt: 1,800 low | high Med: 1,381 $ / SqFt: $269 low | high Med: $496 On Site: 15 low | high Med: 96.000000 | |
