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Port Colborne,ON L3K 3V7
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,706 sqft
Price per Sqft $249
Subdivision 877 - Main Street
MLS Listing ID X12473728
Annual Tax Amount $6,829
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
Exceptional mixed-use investment opportunity in the heart of Port Colborne's revitalizing downtown. This solid building offers three one-bedroom residential units and one retail storefront, with a total building area of 2,706 sq. ft. Situated on a 56' x 179' lot with ample parking and strong visual exposure, the property combines stable income with long-term growth potential. Two of the residential units are currently vacant, presenting immediate upside for an investor to set market rents. The occupied unit is tenanted by a reliable resident, while the commercial space is also leased, providing steady cash flow. Located within Port Colborne's East Waterfront Community Improvement Project Area (CIP), the property is eligible for municipal incentives that support both building upgrades and redevelopment. These include façade improvement funding, residential rehabilitation grants, and tax increment programs. With Downtown Commercial (CC) zoning, investors have flexibility for mixed-use operations and the potential for further intensification of the site. This property is ideally positioned for investors seeking income stability today and development potential for tomorrow, all within a high-visibility downtown location minutes from the marina, transit, and major highways.
Location
Province ON
County Niagara
Community 877 - Main Street
Area Niagara
Interior
Cooling Partial
Exterior
Community Features Major Highway,Recreation/Community Centre
Utilities Available Available