$485,000
 $2,604 est/mo Sourced by Back At You

246 Kent Street , Port Colborne, ON L3K 3A1

Port Colborne, ON L3K 3A1

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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 TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1918
Days On Site43
Listing Provided ByRE/MAX NIAGARA REALTY LTD, BROKERAGE | Ray J Rosettani

Features

Bed(s)5
Bath(s)2
SQ Feet1,800
Garage1
BasementY
Story(s)3
Units3
Building(s)1
ZoningR2
Golf CourseYes
Water FrontYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
CountyNiagara
CityPort Colborne
Postal CodeL3K 3A1
AreaPort Colborne | Wainfleet
Subarea878 Sugarloaf
Community Name878 Sugarloaf
School DistrictPort High, Lakeshore Catholic
Elementary SchoolSteele, Mckay, John Bosco Cathol
Listing VS Median (in 878 Sugarloaf)
Price:
$485,000
low | high
Med:
$675,000
10.824742268041% of Average
SqFt:
1,800
low | high
Med:
2,030
37.222222222222% of Average
$ / SqFt:
$269
low | high
Med:
$333
26.593367528312% of Average
On Site:
43
low | high
Med:
2.000000
100% of Average
Sourced by Back At You
Listing Updated: September 25, 2024 at 4:34:08 AM PDT