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  • Price: $619,000

  • 129 DURHAM STREET
    Port Colborne, ON L3K 1E1

  • MLS #: X12251561

Property Details

This exceptional property offers four spacious suites; two in the front building - both equipped with 2 beds + 1 bath.. and two units in the rear - both equipped with 1 bed + 1 bath. With three units vacant at closing, you'll have the opportunity to select your tenants and achieve premium market rents, with a potential yearly income of up to $70,000+ once the vacancies are filled. The tenanted unit rent being collected is $1645.00 monthly. Each suite is equipped with separate hydro and water meters, and sub-meters are installed, leaving only gas expenses for the landlord. Tenants benefit from ample off-street and street parking, as well as convenient on-site laundry facilities.Located in a highly desirable area with affordable property taxes, strong rental demand, and low vacancy rates, 129 Durham St represents a prime investment opportunity. The property sits in the picturesque city of Port Colborne, offering residents easy access to marinas, parks, and the scenic Welland Canal making it a highly attractive location for tenants seeking a balanced, active lifestyle. Recent improvements include a new furnace for units 3 and 4 (2022/2023) + new furnace for units 1 & 2 (2025), along with upgraded windows, roof, soffits, eavestroughs, and gutters. Additional cosmetic enhancements include newly installed interior and exterior doors, as well as modernized kitchens. With excellent insulation and thoughtful upgrades throughout, this property is both efficient and low-maintenance, offering long-term value for savvy investors. (id:7434) Details »

6 Bedrooms

4 Bathrooms

1500 Square Feet

Jon Cain

Real Estate Agent Niagara Falls
  • 8685 Lundy's Lane Unit1
    Niagara Falls, ON L2H1H5
  • 905-348-5947
  • 905-348-5947
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Property Details

Address: 4148 PRESTON AVENUE Niagara Falls, ON L2H 2C5
Size: 1,100 SqFt
Bedrooms: 4
 Asking Price: $699,000

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Port Colborne, ON L3K 1E1

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129 DURHAM STREET Port Colborne, ON L3K 1E1
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