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224 Mitchell Street

Port Colborne, ON, L3K 1Y3

-
Beds
-
Baths
4,000
Sq. Ft.
$999,000
List Price
Details
Photos
43
Comparables
History
224 Mitchell Street, Port Colborne, ON - 1 of 3
224 Mitchell Street, Port Colborne, ON - 2 of 3
224 Mitchell Street, Port Colborne, ON - 3 of 3
New
12 days on market

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... Show More

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! (id:54626)

Property Details

Size

4,000 sq. ft.
0 Beds
0 Baths

Parking

2 Parking Spaces
-

Lot

Size
722′12″ * 1080′0″
Acres
-

Heating & Cooling

Heating
Other
Cooling
-

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Source

Listing Brokerage

MLS® Listing
X11968152
Last Updated
February 12, 2025
Brokerage
RE/MAX NIAGARA REALTY LTD, BROKERAGE
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Call us 800-591-0566

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