$465,000
For sale: Multiplex

Mortgage helper. Multi-generational living. Investment opportunity. This property gives you options. With two self-contained units, separate entrances, separate hydro meters, and dedicated laundry for each, this is the kind of property that's becoming increasingly popular. Live comfortably in one unit while the second helps pay your mortgage, accommodate extended family with privacy, or add a strong income-producing property to your portfolio. The big updates have already been taken care of, including a newer boiler, two hot water tanks, three ductless mini-split heating and cooling units, several updated windows, and an oversized single garage. Step outside to enjoy the spacious wood deck and 15-ft above-ground pool-perfect for summer gatherings and family fun. The basement features its own separate entrance and has already been insulated with a vapor barrier. While the interior offers an opportunity for cosmetic updating, that's exactly where the value lies. Refresh it to suit your own style while building equity in a property with excellent income potential, and endless options. Whether you're buying your first investment, looking for a mortgage helper, or creating space for multiple generations under one roof, this is a great opportunity at a great price.
Sold data
Homes in Port Colborne (Bethel) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 71, across 71 recorded sales.
The median sale price was $509,900.
Homes sold for about 3.1% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 30% of sellers reduced their price before finding a buyer.
Based on 71 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 (Bethel) 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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