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193-197 Main Street W Port Colborne, Ontario L3K 3V7

4327
Central Air Conditioning, Window Air Conditioner

$449,900

Great opportunity to own a mixed commercial/residential building in the heart of Port Colborne. With 2 main floor retail units each with their own storage, washroom, and full basements along with 2 big upstairs two bedroom residential units each with their own sunrooms this property offers great diversification for an owner occupied retail unit or long term investment. The rear parking lot will hold 8-10 cars which is enough for your tenants and retail units to have private parking controlled by the owner in addition there are two city owned lots within walking distance that offer free parking. The new owner will be a member of the local BIA that offers many perks including yearly grants to help with building investments (See city website for details). The current owner has continued to invest in the building and within approx. the last 10 years has updated the roof, furnaces, central air (dance store only), and main level retail doors and main picture windows. Heating is done by natural gas and there are 4 separate hydro meters with 1 water and 1 gas meter. Great opportunity to increase current rent roll of property with both retail units offering vacant possession to new owner and when residential tenants turn over current market rents have potential to be $1200 + hydro for each residential unit and both commercial units to be $1200 each + hydro for potential total of $4800 gross monthly from the building. (id:40291)

Property Details

MLS® Number 40033001
Property Type Other
Community Features High Traffic Area

Building

Basement Type None
Cooling Type Central Air Conditioning, Window Air Conditioner
Exterior Finish Brick
Fireplace Present No
Heating Fuel Natural Gas
Stories Total 2
Size Interior 4327
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer, Storm Sewer
Size Depth 176 Ft
Size Frontage 49 Ft
Zoning Description Dc

https://www.realtor.ca/real-estate/22478636/193-197-main-street-w-port-colborne

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Jon-Paul Hunt
Salesperson

(905) 361-9098
(905) 338-2727

Rock Star Real Estate Inc., Brokerage
418 Iroquois Shore Road #103
Oakville, Ontario L6H 0X7

(905) 361-9098
(905) 338-2727

Jennifer Macpherson
Salesperson

(905) 334-6789
(905) 338-2727

Rock Star Real Estate Inc., Brokerage
418 Iroquois Shore Road #103
Oakville, Ontario L6H 0X7

(905) 361-9098
(905) 338-2727

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