$1,499,000
Available - For Sale
Listing ID: X12996316
220-228 West Street , Port Colborne, L3K 4E3, Niagara
| 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 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.65% gain on current residential rents |
| Price | $1,499,000 |
| Taxes: | $30009.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 220-228 West Street , Port Colborne, L3K 4E3, Niagara |
| Postal Code: | L3K 4E3 |
| Province/State: | Niagara |
| Legal Description: | PT LTS 22 & 23 W/S WEST ST, PL 987-989: |
| Directions/Cross Streets: | West Street between Charlotte Street and Clarence Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 0.30 |
| Total Area Code: | Acres |
| Approximatly Age: | 51-99 |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | F |
| Soil Test: | No |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| ROYAL LEPAGE SIGNATURE REALTY |
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Hamid-Reza Danaie
Broker
Dir:
416-904-7200
Bus:
905-889-2200
Fax:
905-889-3322
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Port Colborne |
| Neighbourhood: | 878 - Sugarloaf |
| Approximate Age: | 51-99 |
| Tax: | $30,009 |
| Fireplace: | N |
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