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    For Sale - 664 King Street, Port Colborne, Ontario

    Est payment $4,907/mo
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    AI Summary *

    • Newly built triplex offers strong cash flow and investment potential.
    • Three well-designed units including a spacious premium three-bedroom suite.
    • All units come with in-suite air conditioning and laundry amenities.
    • Ample on-site parking available for more than two vehicles per unit.
    • Currently operated as an Airbnb, increasing income potential for owners.




    This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 5. 6% cap rate on entry based on conservative underwriting, the property features three spacious and well-designed units, including a premium three-bedroom, two-storey main suite with high-end finishes, contemporary design, and an impressive ~600 sq. Ft. Primary bedroom complete with a walk-in closet and ensuite bathrooms. The two additional units-a below-grade suite and a side-entry unit-provide functional layouts and broad rental appeal, with all units equipped with in-suite air conditioning and laundry. The property includes ample on-site parking, accommodating more than two vehicles per unit with additional space for larger vehicles or storage. Utilities are allocated through an equal-billing structure, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, creating predictable operating costs. The asset is currently operated as an airbnb, offering added income potential where permitted. This triplex is one half of a two-building portfolio, sharing an adjoining wall with a matching triplex next door, allowing investors the opportunity to scale with a complementary asset. Turnkey, modern, and income-producing, this is a rare chance to secure a high-quality new-build investment in a strong rental market.
    Listing IDX12641984
    Address664 King Street
    CityPort Colborne, Ontario
    Price$990,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    664 King Street
    Port Colborne , Ontario
    $990,000
    Get more info