Space
Finished area and layout
- Building Area
- 0.3 ac
+41 more
0.3 ac
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
Lot
Land, frontage and setting
- Zoning
- DC
Costs
Price, taxes and monthly charges
About This Property
This investment in Port Colborne offers 0.3 ac of building area. The property has zoned DC. The home features no.
MLS Remarks
An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.65% gain on current residential rents
Inclusions
On-site laundry machines
Full Listing Details
Address220-228 West Street, Port Colborne, ON L3K 4E3
MLS#X12996316
Listing StatusNew
Property TypeCommercial
Sub-TypeInvestment
TransactionSale
List DateApr 14, 2026
Days on Market194
Annual Tax$30,009 (2025)
Possession DetailsAnytime
StyleMixed Use
CityPort Colborne
ProvinceOn
Postal CodeL3K 4E3
Lot Size13,024 sqft
ZoningDC
CoolingNo
SecurityNo
UtilitiesAvailable
Annual Tax$30,009 (2025)
On-site laundry machines
Business TypeApts - 6 To 12 Units
West Street between Charlotte Street and Clarence Street
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