Property Information:

Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. The offering includes three separate buildings located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., currently generating rental income from existing tenants. 220 Mitchell Street: Two tenants generating $2,500 in combined monthly rental income. 224 Mitchell Street: Currently configured with three renovated and tenanted main floor one-bedroom units plus an unfinished upstairs area. 59 Louis Street: Two dwelling units with attached garage. One unit currently generating $700 per month and one unit currently vacant. The property also features a detached garage and additional storage shed. Current combined gross monthly rental income from occupied units is $6,850. Major capital improvements across the portfolio include roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades. Conveniently located close to amenities, parks, and the historic Welland Canal corridor. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Type: Partial
Exterior Finish: Vinyl siding
Floor Space: 5000 - 100000 sqft
Foundation Type: Block
Heating Type: Baseboard heaters, Forced air
Heating Fuel: Electric, Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 11
Bathrooms: 7
Floor Space (approx): 5000 - 100000 Square Feet
Irregular: Yes
Lot Depth: 90 Feet
Lot Frontage: 60.2 Feet
Lot Size: 60.3 x 90 FT
Zoning: R3
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE

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Demographic Information of 224 MITCHELL STREET, Port Colborne (East Village), Ontario, L3K 1Y3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$83,442.93

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.18 %

High school certificate or equivalent

43.04 %

Apprenticeship trade certificate/diploma

9.71 %

College/non-university certificate

17.76 %

University Degree

4.3 %

Commuter

Travel To Work

By Car

95.92 %

By Public Transit

0.0 %

By Walking

2.04 %

By Bicycle

0.0 %

By Other Methods

2.04 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.68 %

Houses

86.32 %

224 MITCHELL STREET, Port Colborne (East Village), Ontario, L3K 1Y3