224 MITCHELL Street, Port Colborne | Image 1

224 MITCHELL Street

Port Colborne, 876 - East Village

  • 11 bed 7 bath
$974,000 est.*: $3,300/mo
For Sale

Added 2 months ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Lot Size: 60.28 x 90 Feet

  • Age: 51-99 years

  • Taxes: $5,177 per year

  • Days on Site: 34 Days

  • Added: Feb 07, 2025 (2 months ago)

  • Updated:

  • Last Checked: 1 month ago

  • MLS®#: X11962911

  • Listed By: Re/max niagara realty ltd, brokerage

8 UNIT MULTIPLEX! INCREDIBLE MULTI-UNIT INVESTMENT OPPORTUNITY IN PORT COLBORNE!Discover the potential of 220-224 Mitchell & 59 Louis, a unique multi-property package featuring three separate dwellings including two duplexes and a fourplex for a total of eight units! This cash-flowing investment boasts six fully renovated and rented units, one rented but unrenovated unit, and one gutted unit approved for a five-bedroom rooming house.224 Mitchell (Fourplex): Three renovated 1-bed units plus one gutted 5-bed unit, generating $3,700/month (with major upside once the 5-bed unit is completed).59 Louis (Duplex): A 1-bed unit and a bachelor unit, generating $1,700/month, plus a garage and shed for additional value.220 Mitchell (Duplex): Two 1-bed units, each rented at $1,250, bringing in $2,500/month.Total gross rental income of $7,900/month, with significant potential for increased cash flow once the unfinished unit is completed. All three properties have newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing for peace of mind. The city recognizes seven units, making this a rare and highly lucrative investment opportunity with both strong current income and future appreciation potential!

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Age: 51-99

  • Area: Port Colborne

  • Community: 876 - East Village

  • Availability Date: FLEX

Inside

  • Bedrooms: 11

  • Bathrooms: 7

  • Kitchens: 6

  • Rooms: 10

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 7

Building

  • Basement: None

  • Heat Type: Water

  • Heat Source: Gas

  • Exterior: Stucco/Plaster

  • Exterior: Wood

  • Elevator: N

  • UFFI: No

  • Water Supply: Municipal

  • Special Designation: Unknown

  • Retirement: N

Parking

  • Driveway: Other

  • Garage Spaces: 2

  • Garage Type: None

  • Covered Parking Spaces: 2

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 20 W/S MITCHELL ST PL 849 PORT COLBORNE AS IN AA74633, RO7

  • Taxes: $5,177

Land

  • Cross Street: CORNER OF MITCHELL A

  • Municipality District: Port Colborne

  • Fronting On: West

  • Parcel Number: 641640147

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 90 Feet

  • Lot Frontage: 60.28 Feet

  • Zoning: R3

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Somewhat Walkable

  • Most errands can be accomplished on foot.
70 /100

Very Bikeable

  • Most errands can be accomplished on bike.
73 /100
Map of 224 MITCHELL Street, Port Colborne
JK-8

ÉÉC Saint-Joseph

Elementary: Catholic
1.11 km
JK-8

Steele Street Public School

Elementary: Public
1.37 km
JK-8

St Therese Catholic Elementary School

Elementary: Catholic
1.44 km
JK-8

DeWitt Carter Public School

Elementary: Public
0.56 km
JK-8

St John Bosco Catholic Elementary School

Elementary: Catholic
2.12 km
JK-8

McKay Public School

Elementary: Public
1.31 km
9-12

École secondaire Confédération

Secondary: Public
11.64 km
9-12

Eastdale Secondary School

Secondary: Public
11.40 km
9-12

Port Colborne High School

Secondary: Public
1.26 km
9-12

Centennial Secondary School

Secondary: Public
13.40 km
Pre-Grade 9-12

Lakeshore Catholic High School

Secondary: Catholic
1.20 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
12.78 km

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