86 ADELAIDE STREET, Port Colborne (Sugarloaf)

$599,900

For sale: Multiplex

Multiplex at 86 ADELAIDE STREET, Port Colborne (Sugarloaf)
Property type
Triplex
Bedrooms / bathrooms
5 bedrooms, 3 bathrooms
Living area
2,500 sqft
MLS®
MLS® X12871792
Neighbourhood
878 - Sugarloaf

This is a great turnkey investment opportunity. Monthly income $3.121. Start earning cashflow immediately! Fully tenanted triplex in Port Colborne. Three units, each with their own entrance. 1) Front Main Floor Unit - 1 bedroom, 1 bathroom (3pc) with a nice kitchen, lots of colour and character throughout. Entrance through the covered front porch. 2) Back Main Floor Unit - 1 bedroom, 1 bathroom (4pc) with a smaller kitchen & living room space. Entrance on the back of the house, private deck as well. 3) Upper Unit - 3 bedrooms, 1 bathroom (4pc), living room, dining room and kitchen. Also has a sunroom, and an upper 3rd level loft space. This unit has two separate entrance, through the front door and exterior stairway in the back with covered balcony. The Upper Unit is heated by a gas boiler, and has it's own hydro (tenant pays heat, hydro and HWT rental). Main floor units are heated with a gas forced air furnace, shared hydro meter. Two hot water tanks, owned. Basement is full, unfinished and has joint access for laundry appliances (included). Also included is all kitchen appliances (stove x3, fridge x3, and dishwasher x1). This triplex sits on a huge lot with a double wide driveway fitting up to 6 cars. Open backyard with a storage shed, garbage storage, and a fire-pit. Great location close to Lake Erie, Sugarloaf Marina & Park, Downtown Restaurants & Shops, Library, Schools, Hospital, Public Transit, and more! This makes for an excellent long-term investment opportunity in a city that is growing rapidly in economic development and value

Sold data

Homes in Port Colborne (Sugarloaf) — recent sold market

Homes in Port Colborne (Sugarloaf) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.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 (Sugarloaf)

Port Colborne (Sugarloaf) 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 (Sugarloaf)

  • 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 86 ADELAIDE STREET