224 MITCHELL Street, Port Colborne, ON L3K 1Y3

  • $974,000
  • $999,000
224 MITCHELL Street, Port Colborne, ON L3K 1Y3
Active For Sale
224 MITCHELL Street, Port Colborne, ON L3K 1Y3
224 MITCHELL Street, Port Colborne, ON L3K 1Y3
  • $974,000
  • $999,000

Overview

Property ID: HZX11968152
  • Investment, Commercial Sale
  • Property Type
  • 4000
  • Sqft

Description

8 UNIT MULTIPLEX! INCREDIBLE MULTI-UNIT INVESTMENT OPPORTUNITY IN PORT COLBORNE!Discover the potential of 220-224 Mitchell & 59 Louis, a unique multi-property package featuring three separate dwellings including two duplexes and a fourplex for a total of eight units! This cash-flowing investment boasts six fully renovated and rented units, one rented but unrenovated unit, and one gutted unit approved for a five-bedroom rooming house.224 Mitchell (Fourplex): Three renovated 1-bed units plus one gutted 5-bed unit, generating $3,700/month (with major upside once the 5-bed unit is completed).59 Louis (Duplex): A 1-bed unit and a bachelor unit, generating $1,700/month, plus a garage and shed for additional value.220 Mitchell (Duplex): Two 1-bed units, each rented at $1,250, bringing in $2,500/month.Total gross rental income of $7,900/month, with significant potential for increased cash flow once the unfinished unit is completed. All three properties have newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing for peace of mind. The city recognizes seven units, making this a rare and highly lucrative investment opportunity with both strong current income and future appreciation potential!

  • Address 224 MITCHELL Street
  • City Port Colborne
  • State/county ON
  • Zip/Postal Code L3K 1Y3
  • Country CA

Details

Updated on April 8, 2025 at 8:38 pm
  • Property ID: HZX11968152
  • Price: $974,000
  • Property Size: 4000 Sqft
  • Garage Size: x x
  • Property Type: Investment, Commercial Sale
  • Property Status: Active, For Sale

Additional details

  • Utilities: Yes
  • Cooling: No
  • County: Niagara
  • Property Type: Commercial Sale

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