victorian-style house featuring a porch Features: gas meter, horizontal siding, concrete foundation, porch, fence More Photos

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    For Sale - 664 King Street, Port Colborne, Ontario

    Est payment $4,319/mo
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    Views   1
    Time on Jump  36 day

    AI Summary *

    • Newly built triplex with strong cash flow and investment potential.
    • Three spacious units with modern designs and high-end finishes.
    • On-site parking for more than two vehicles per unit.
    • In-suite air conditioning and laundry for tenant convenience.
    • Currently operating as an Airbnb for additional income opportunities.




    This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 6. 00% 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 IDX12820112
    Address664 King Street
    CityPort Colborne, Ontario
    Price$899,500
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

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    Listing Agency:  EXP 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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    664 King Street
    Port Colborne , Ontario
    $899,500
    Get more info