481 MAIN STREET W, Port Colborne (Main Street)

$839,000

For sale: Other

Other at 481 MAIN STREET W, Port Colborne (Main Street)
Property type
Store W Apt/Office
MLS®
MLS® X13065076
Neighbourhood
877 - Main Street

Live, work, and invest all in one location.Turn-key, mixed-use opportunity in a high-traffic, high-visibility Port Colborne west location, offering a rare combination of commercial space, residential living, and strong investment value. The established storefront is currently operated as the well-known "BB's Variety," serving a steady base of loyal clientele. Set along the Main Street / Hwy 3 corridor on a 99' x 133' lot with ample paved parking for 10+ vehicles. Zoned DC (Downtown Commercial), the property allows for a wide range of uses including continued commercial operation, residential income, or future multi-residential potential.The commercial space is approximately 998 sq ft of retail area with storage and its own washroom. The business includes multiple revenue streams such as grocery, lotto, tobacco, and convenience items, with current hours of 8 AM - 8 PM and potential to expand.The residential portion - with private entrance through the store as well as from the exterior - is approximately 1,897 sq ft and includes a primary 3-bedroom, 1.5 bath layout across two levels, with original character home wood trim & features. Main floor has kitchen, living and dining areas, office/den, laundry, 3 pc bath & mudroom. Plus, a separate bachelor apartment on the 2nd level, complete with its own exterior entrance and 4-piece bath, is ideal for extended family or potential rental income. The full basement with 890 sq ft of additional space for storage or future use.A detached double garage, rebuilt in 2018 with hydro and heat, adds further utility for workshop or storage. Outdoor space includes a private deck, ground-level patio, and partially fenced yard.Updates include roof shingles (2016), commercial A/C (2021), electrical improvements with two 100-amp services, plumbing upgrades, and garage improvements including new electrical, furnace, and roof. An opportunity with multiple income streams, strong exposure, and future potential.

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 481 MAIN STREET W