220-228 West Street Port Colborne (Sugarloaf), Ontario L3K 4E3
$1,499,000
An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.788% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.6% gain on current residential rents (id:43681)
商业信息
| 商业类型 | Retail and Wholesale |
| 商业子类型 | Retail misc. |
房源概要
| MLS® Number | X12996310 |
| 房源类型 | Retail |
| 社区名字 | 878 - Sugarloaf |
| 特征 | Irregular Lot Size |
| 总车位 | 12 |
详 情
| Age | 51 To 99 Years |
| 空调 | 没有 |
| 供暖类型 | Baseboard Heaters |
| 设备间 | 市政供水 |
土地
| 英亩数 | 有 |
| 土地深度 | 165 Ft |
| 土地宽度 | 91 Ft |
| 不规则大小 | 13024 |
| Size Total | 13024 Ac |
| 规划描述 | Dc |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Toronto Real Estate Board
Royal LePage Signature Realty
May 24 2026 11:49:26
