664 KING STREET, Port Colborne, Ontario, L3K 4H8

MLS® # X13621770

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Investment For Sale In Three Bridges, Port Colborne, Ontario

$849,990

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664 King Street, Port Colborne, ON - Outdoor

664 King Street, Port Colborne, ON - Outdoor With Exterior

664 King Street, Port Colborne, ON - Indoor Photo Showing Other Room

664 King Street, Port Colborne, ON - Indoor Photo Showing Kitchen

664 King Street, Port Colborne, ON - Indoor

664 King Street, Port Colborne, ON - Indoor Photo Showing Living Room

664 King Street, Port Colborne, ON - Indoor Photo Showing Bedroom

664 King Street, Port Colborne, ON - Indoor Photo Showing Bathroom

664 King Street, Port Colborne, ON - Indoor Photo Showing Laundry Room

664 King Street, Port Colborne, ON - Indoor Photo Showing Dining Room

664 King Street, Port Colborne, ON - Outdoor With Deck Patio Veranda With Exterior

664 King Street, Port Colborne, ON - Outdoor With View

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664 KING STREET, Port Colborne, Ontario, L3K 4H8

$849,990

Property Information:

The King Charles: A Newly Built Legal Sixplex Investment in Port ColborneCompleted in 2024, The King Charles is a legal, side-by-side triplex spanning more than 4,300 sq ft in the heart of downtown Port Colborne. The property generates over $200,000 in gross annual revenue and is currently licensed for short-term rental operation, positioning it as a turnkey income asset from day one.Six self-contained units, each with a private entrance, offer flexibility for investors, multi-generational households, or owner-occupiers seeking rental income from the remaining suites. The short-term rental license offers an alternative to long-term tenancy arrangements and the regulatory considerations that can accompany them.The business operates across three seasons. Peak season runs June through September, with May and October as shoulder months. In the low season, November through April, the strategy shifts from tourism toward furnished monthly rentals and room-by-room worker accommodation, sustaining gross revenue of approximately $14,000 per month across all six units.The sale includes all furniture, the infrastructure already in place: a professional cleaning team, established vendors, and existing bookings. This is not simply a property acquisition, but the purchase of a turnkey operating business with cash flow from day one.Built to current code, the property is designed for durability and minimal ongoing maintenance. It sits within walking distance of downtown Port Colborne's shops, restaurants, parks, and schools, with Nickel Beach and Sugarloaf Marina a short drive away, in one of Niagara's most sought-after and fastest-growing communities.For investors seeking a newly built, income-generating multi-unit property, or owner-occupiers interested in living on-site while renting the balance of the building, The King Charles represents a rare opportunity for cash flow from day one. (id:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Development: Finished
Basement Type: N/A, N/A, Full, N/A
Exterior Finish: Stone, Vinyl siding
Floor Space: 3500 - 5000 sqft
Flooring Type: Vinyl
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Half Bathrooms: 2
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Lot Depth: 66.6 Feet
Lot Frontage: 60.7 Feet
Lot Size: 60.7 x 66.6 FT
Zoning: RD
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Rooms:

Bedroom 2nd Level 3.90 m x 3.54 m
Bedroom 2nd Level 4.14 m x 4.00 m
Den 2nd Level 3.90 m x 2.99 m
Bedroom 2nd Level 4.31 m x 4.00 m
Bedroom 2nd Level 6.10 m x 6.87 m
Bedroom 2nd Level 3.96 m x 3.54 m
Primary Bedroom 2nd Level 6.09 m x 6.97 m
Family Main Level 6.21 m x 4.00 m
Breakfast Main Level 3.12 m x 2.53 m
Kitchen Main Level 6.21 m x 8.88 m
Living Main Level 6.13 m x 4.00 m
Dining Main Level 3.08 m x 2.55 m
Kitchen Main Level 6.13 m x 8.88 m

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Courtesy of: RE/MAX REALTY ENTERPRISES INC.

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