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    For Sale - 664 King & 24 Charles Street, Port Colborne, Ontario

    Est payment $9,121/mo
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    Time on Jump  10 day

    AI Summary *

    • Newly built sixplex featuring modern design and high-end finishes.
    • Strong cash flow potential with a solid 6.00% cap rate.
    • Versatile unit layouts, including a spacious three-bedroom main unit.
    • In-suite laundry and AC in all units for added convenience.
    • Ample on-site parking available for guests and larger vehicles.




    Exceptional new-build, sixplex offering a rare blend of strong cash flow and modern luxury. This turnkey investment delivers a solid 6. 00% cap rate on entry, based on conservative cmhc underwriting metrics. The asset was built as two triplexes with an adjoining wall, both featuring generously sized, well-designed units, highlighted by a three-bedroom, two-storey main unit with high-end finishes, contemporary luxury design, and an expansive ~600 sq. Ft. Primary bedroom, inclusive of a walk-in closet and ensuite bathrooms. The additional two units offer functional, spacious layouts, with one below-grade unit and one side-entry unit, providing excellent rental versatility. All units feature in-suite laundry and ac for a more premium feel. The property offers ample on-site parking, accommodating more than two spaces per unit, with flexibility for larger vehicles or additional storage. The asset is currently operating with airbnb use, creating added income potential where permitted. Utilities are structured on a practical equal-billing system, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, per property, supporting efficient cost recovery and predictable operating expenses. Turnkey, scalable, and built for performance, this is a rare new-build investment that delivers on both income and quality.
    Listing IDX12727236
    Address664 King & 24 Charles Street
    CityPort Colborne, Ontario
    Price$1,840,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    664 King & 24 Charles Street
    Port Colborne , Ontario
    $1,840,000
    Get more info