223 MAIN STREET W, Port Colborne (Main Street)

$515,000

For sale: Multiplex

Multiplex at 223 MAIN STREET W, Port Colborne (Main Street)
Property type
Triplex
Bedrooms / bathrooms
4 bedrooms, 3 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13582758
Neighbourhood
877 - Main Street

This is an incredible prime opportunity to own a well built triplex in a convenient & desirable downtown location in Port Colborne. Situated in a High Traffic area on revitalized Main St W, this property offers the perfect balance of comfort and convenience, making it an ideal investment with good cash flow opportunity or multi-family property. This charming triplex features a 1 bedroom and a 2 bedroom unit on the main floor and a 1 bedroom unit upstairs. Each comes with their own classic character. Kitchens are well-equipped and bedrooms are spacious. Each Separately metered and 2 hot water tanks providing added privacy and efficiency for the tenants. The shared outdoor space adds appeal. The thoughtful layout includes separate entrances allowing for privacy and separation within each unit. Basement has its own door which can be shared for storage and laundry facilities. With a large front picture window, the front air conditioned 1 bedroom unit can be converted to a commercial space. In addition, the property provides 8 parking spots ensuring that residents and visitors have no trouble finding space. Whether you're looking to add to your real estate portfolio or enjoy a peaceful living environment with rental income potential, this purpose built triplex offers great value in a fantastic location. One unit currently tenanted, this triplex is a reliable income-generating asset. The property's potential cash flow makes it an ideal choice for investors seeking a stable and lucrative addition. Don't miss this opportunity to secure a property that merges timeless appeal with strong rental potential. Builders & developers take note: the city permits additional units to be built determined by how many parking there are. Only minutes away from local beaches, shopping, & restaurants, this unique property offers an opportunity that can't be missed. Independent Addresses: 219, 221 and 223 Main St W.

Sold data

Homes in Port Colborne (Main Street) — recent sold market

Homes in Port Colborne (Main Street) took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 66, across 72 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.

The median sale price was $474,950.

Homes sold for about 4.1% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$474,950
Sale-to-list ratio
95.9%
Sold above asking
7%

Based on 72 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Port Colborne (Main Street)

Port Colborne (Main Street) has 10 Fraser Institute–rated schools (8 elementary and 2 secondary), averaging 6.8/10.

Rated schools
10
Elementary
8
Secondary
2
Average rating
6.8 / 10

Top-rated schools in Port Colborne (Main Street)

  • Steele Street — elementary, Port ColborneFraser rating 9.5/10
  • Oakwood — elementary, Port ColborneFraser rating 8.8/10
  • McKay — elementary, Port ColborneFraser rating 7.4/10
  • St Patrick Catholic — elementary, Port ColborneFraser rating 7.3/10
  • DeWitt Carter — elementary, Port ColborneFraser rating 7.1/10
  • Port Colborne — secondary, Port ColborneFraser rating 6.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 223 MAIN STREET W