Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#12649 +post_id: "290645" +post_author: 1 +"ListingKey": "X12094490" +"ListingId": "X12094490" +"PropertyType": "Residential" +"PropertySubType": "Fourplex" +"StandardStatus": "Active" +"ModificationTimestamp": "2025-05-30T21:18:22Z" +"RFModificationTimestamp": "2025-05-30T21:32:40.927729+00:00" +"ListPrice": 749900.0 +"BathroomsTotalInteger": 4.0 +"BathroomsHalf": 0 +"BedroomsTotal": 4.0 +"LotSizeArea": 3421.44 +"LivingArea": 0 +"BuildingAreaTotal": 0 +"City": "Port Colborne" +"PostalCode": "L3K 4E1" +"UnparsedAddress": "152 West Street, Port Colborne, On L3k 4e1" +"Coordinates": array:2 [ 0 => -79.2502294 1 => 42.883639 ] +"Latitude": 42.883639 +"Longitude": -79.2502294 +"YearBuilt": 0 +"InternetAddressDisplayYN": true +"FeedTypes": "IDX" +"ListOfficeName": "ROYAL LEPAGE NRC REALTY" +"OriginatingSystemName": "TRREB" +"PublicRemarks": "Calling all investors: I proudly present a charming and well-maintained 4-plex in one of the city's most walkable and vibrant neighbourhoods. 152 West Street is an income-producing property located directly infront of the Welland Canal with unobstructed views of the Bridge and cruise ships floating through. You're conveniently located on the strip beside some of Ports best downtown shops & restaurants... Hello wood fired pizza at the Lock! All four units are 1 bedroom, 1 bathroom, each with their own private exterior entrance and showcasing hardwood flooring, original charm, and thoughtful character throughout. The two upstairs apartments both have their own balcony's as well! The numbers from 2024 are: Gross Annual Income: $49,608, Annual Expenses (Insurance, Utilities, Taxes): $12,017 leaving your Net Operating Income: $37,591. All four of the units are currently occupied by excellent long-term tenants. Theres also parking for 6+ vehicles located at the rear of the building, something rarely available in this location. 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Description
ANNUAL INCOME OF $74,400 with a 7.8 cap rate! This turn-key, low maintenance, cash flowing Fourplex located in Simcoe is on a double lot with plenty of parking. A++ tenants with spacious units and each unit has it’s own hydro meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. Many upgrades including roof (2020), electrical (2019), plumbing (2017). Additional income with coin-op laundry. Located in the heart of Simcoe close to all amenities including the Norfolk Golf Club and Port Dover. Don’t miss out on this great opportunity.
Details
MLS® Number
X12139457
X12139457
Bedrooms
6
6
Bathrooms
4
4
Additional details
- Roof: Asphalt Shingle
- Sewer: Sewer
- Cooling: Other
- County: Norfolk
- Property Type: Residential
- Pool: None
- Parking: Other
- Architectural Style: 2-Storey
Address
- Address 85 Kent N Street
- City Norfolk
- State/county ON
- Zip/Postal Code N3Y 3S3
- Country CA