$549,900
For sale: Other

THIS IS AN L SHAPED PROPERTY WITH FRONTAGES ON BOTH GEORGE ST AND KING ST. Approx dimensions : 144' ( across the back) X 132' (on George St) X 32' ( King St at George corner) X 70' (north of other dwelling) X 47' across back of other dwelling) X 70' X 19' X 70' (driveway on King) X 45'. PLEASE SEE DRAWING IN SUPPLEMENT. Currently used as a warehouse for an online business. The R4-CH zoning allows for residential so the possibilities are many for this +/- 16,893 sq ft concrete/concrete block building! The main floor offers +/- 10,584 sq ft with another +/- 6309 sq ft on the second floor. The property is irregular and wraps behind 2 residential units. A driveway on King St between the two units, provides access to another part of the building. The main floor has a one bedroom apartment and a large office space (+/- 400 sq ft) plus there are 3 loading doors with various heights and many other door entrances, so dividing this building into smaller units is doable! There is a large parcel of land behind the building that is owned by the Seaway and they are willing to sell that parcel at a reasonable price. This would be an a fantastic acquisition to the building and could provide the necessary parking if the buyer wanted to convert the existing building to full residential or add on.
Sold data
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.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.
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
Port Colborne (Main Street) has 10 Fraser Institute–rated schools (8 elementary and 2 secondary), averaging 6.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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