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    For Sale - 24 Charles Street, Port Colborne, Ontario

    Est payment $3,841/mo
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    Time on Jump  78 day

    AI Summary *

    • Newly built legal triplex in downtown Port Colborne completed in 2024.
    • Generates over $200,000 in gross annual revenue across six units.
    • Three self-contained units with private entrances for flexible living options.
    • Short-term rental license allows for immediate cash flow potential.
    • Walking distance to shops, restaurants, and parks, with nearby beaches.




    **7. 82% cap rate!!**the king charles: a newly built legal triplex in port colborne completed in 2024. Buy one or buy both. 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 (across 6 units) and is currently licensed for short-term rental operation, positioning it as a turnkey income asset from day one. Three 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 (both triplexes). The sale includes all furniture, the infrastructure already in place: a professional cleaning team, established vendors, and existing bookings. This is not just a property, 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. Properties: 664 king & 24 charles.
    Listing IDX13621766
    Address24 Charles Street
    CityPort Colborne, Ontario
    Price$799,850
    Bed / Bath6 / 6 Full
    Style2-Storey, Triplex
    ConstructionVinyl Siding, Stone
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features OtherOwnership FreeholdBasement Apartment, Separate Entrance, Full, FinishedFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
    ASAP

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    Listing Brokerage: RE/MAX REALTY ENTERPRISES INC.

    * 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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    24 Charles Street
    Port Colborne , Ontario
    6 6 $799,850
    Get more info