12 Nickel Street Port Colborne, Ontario L3K 1A9
$550,000
INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Hydro Meters for each unit, 1 gas Meter. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today! (id:61015)
Property Details
| MLS® Number | X12053122 |
| Property Type | Multi-family |
| Community Name | 876 - East Village |
| Equipment Type | Water Heater |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Appliances | Dishwasher, Dryer, Stove, Washer, Two Refrigerators |
| Basement Development | Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (finished) |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 66 Ft |
| Size Frontage | 45 Ft |
| Size Irregular | 45 X 66 Ft |
| Size Total Text | 45 X 66 Ft |
| Zoning Description | Nc |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Foyer | 2.08 m | 3.3231 m | 2.08 m x 3.3231 m |
| Basement | Living Room | 3.24 m | 4.9 m | 3.24 m x 4.9 m |
| Basement | Kitchen | 3.02 m | 3.09 m | 3.02 m x 3.09 m |
| Basement | Dining Room | 3.02 m | 1.43 m | 3.02 m x 1.43 m |
| Basement | Bathroom | 2.69 m | 1 m | 2.69 m x 1 m |
| Main Level | Living Room | 4.06 m | 5 m | 4.06 m x 5 m |
| Main Level | Bedroom | 2.89 m | 2.57 m | 2.89 m x 2.57 m |
| Main Level | Bedroom | 2.89 m | 2.46 m | 2.89 m x 2.46 m |
| Main Level | Kitchen | 4.23 m | 3.49 m | 4.23 m x 3.49 m |
| Upper Level | Bathroom | 1.36 m | 2.75 m | 1.36 m x 2.75 m |
| Upper Level | Kitchen | 2.07 m | 2.9 m | 2.07 m x 2.9 m |
| Upper Level | Den | 2.44 m | 2.85 m | 2.44 m x 2.85 m |
| Upper Level | Bedroom | 2.49 m | 2.51 m | 2.49 m x 2.51 m |
| Upper Level | Bedroom | 2.47 m | 2.51 m | 2.47 m x 2.51 m |
| Upper Level | Primary Bedroom | 2.52 m | 2.85 m | 2.52 m x 2.85 m |
| Upper Level | Living Room | 3.58 m | 3.04 m | 3.58 m x 3.04 m |
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 22 2025 09:07:45
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd, Brokerage