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    For Sale - 220-228 West Street, Port Colborne, Ontario

    Est payment $7,198/mo
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    Time on Jump  3 day

    AI Summary *

    • 12-unit mixed-use property with a mix of residential and commercial spaces.
    • Includes 8 residential suites with various layouts for diverse tenants.
    • Established commercial tenants on the ground floor, providing reliable income.
    • Projected residential rents offer significant upside potential for increased income.
    • Attractive cap rate makes this a solid investment opportunity.




    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. 788% at the asking price. Total annualized residential rent upside to the cmhc blended average is $40,272, representing a 61. 6% gain on current residential rents
    Listing IDX12996310
    Address220-228 West Street
    CityPort Colborne, Ontario
    Price$1,499,000
    StyleCommercial Retail
    Land Size13024
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailBasement 1Heating / Cooling Baseboard

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    Listing Agency:  ROYAL LEPAGE SIGNATURE REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    220-228 West Street
    Port Colborne , Ontario
    $1,499,000
    Get more info