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

    Est payment $7,198/mo
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    Views   1
    Time on Jump  82 day

    AI Summary *

    • 12-unit mixed-use property with residential and commercial units.
    • 8 residential suites providing diverse living options.
    • 4 ground-floor commercial units with reliable local tenants.
    • Strong current income with significant potential for rent increase.
    • Cap rate of 6.78% at the asking price, showcasing solid investment value.




    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
    Listing IDX12996316
    Address220-228 West Street
    CityPort Colborne, Ontario
    Price$1,499,000
    StyleInvestment
    Land Size13024
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 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