224 MITCHELL STREET, Port Colborne (East Village)
$664,900
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 11 bedrooms, 7 bathrooms
- Living area
- 100,000 sqft
- MLS®
- MLS® X12887386
- Neighbourhood
- 876 - East Village
Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. The offering includes three separate buildings located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., currently generating rental income from existing tenants. 220 Mitchell Street: Two tenants generating $2,500 in combined monthly rental income. 224 Mitchell Street: Currently configured with three renovated and tenanted main floor one-bedroom units plus an unfinished upstairs area. 59 Louis Street: Two dwelling units with attached garage. One unit currently generating $700 per month and one unit currently vacant. The property also features a detached garage and additional storage shed. Current combined gross monthly rental income from occupied units is $6,850. Major capital improvements across the portfolio include roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades. Conveniently located close to amenities, parks, and the historic Welland Canal corridor.
Sold data
Homes in Port Colborne (East Village) — recent sold market
Homes in Port Colborne (East Village) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.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 (East Village)
Port Colborne (East Village) 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 (East Village)
- 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 224 MITCHELL STREET
$1,125,000
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Multiplex1245,000–100,000 sqft17 HAINER STREET, 458 - Western Hill, St. Catharines
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