Added 2 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Retail Store Related
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Zoning: HC
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Age: 51-99 years
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Taxes: 10888.43
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MLS®#: X9358940
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Days on Site: 25 Days
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Added: Sep 19, 2024 (2 months ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: EXP REALTY
This 8-unit building at 335 Wellington Street, Port Colborne, offers a prime investment opportunity in a highly sought-after location. The building consists of five commercial units and three residential apartments, with a total leasable area of approximately 5,837 square feet. Situated on a 0.26-acre site, it features 12+ parking spaces and has been well-maintained, with recent renovations exceeding $300,000. The commercial units, ideal for a variety of businesses, complement the residential apartments, offering diverse rental income streams. The property has undergone significant upgrades, including new plumbing, electrical systems, flooring, and more in Units 6 and 7, ensuring minimal capital expenditures for the new owner. The building is zoned for Highway Commercial use, offering flexibility for future development or changes in tenant mix. The site is in good condition, requiring minimal seasonal maintenance, and boasts great curb appeal with newer exterior finishes and well-maintained parking areas. Whether youre looking for stable rental income or long-term value appreciation, this property stands as a compelling investment in the evolving Port Colborne real estate market. This is a rare opportunity to secure a property with both commercial and residential components in an expanding urban area. Dont miss out on this exceptional chance to invest.
Extras
VTB is available.
Property
Status: Sale
Type: Retail Store Related
Property Type: Commercial/Retail
Property Type: Multi-Use
Age: 51-99
Area: Port Colborne
Availability Date: Immediate
Assessment Amount: $273,000
Assessment Year: 2024
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Other
Elevator: None
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Water Supply: Municipal
Physically Handicapped-Equipped: N
Amps: 100
Parking
Garage Type: Outside/Surface
Fees
Tax Year: 2023
Tax Legal Description: LT 1 PL 836 VILLAGE OF HUMBERSTONE; PT LT 20 PL 835 VILLAGE OF H
Taxes: $10,888
Taxes Type: Annual
Land
Cross Street: SE Corner of Main ST
Municipality District: Port Colborne
Parcel Number: 641520020
Sewer: San+Storm
Lot Depth: 107.22 Feet
Lot Frontage: 107 Feet
Lot Irregularities: Corner Lot
Zoning: HC
Commercial Specific
Rail: N
Retail Area: 5837
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 0.26
Total Area Metric: Acres
Franchise: N
Crane: N
Lot Code: Lot
Survey: N
ÉÉC Saint-Joseph
Elementary: CatholicOakwood Public School
Elementary: PublicSt Therese Catholic Elementary School
Elementary: CatholicDeWitt Carter Public School
Elementary: PublicSt John Bosco Catholic Elementary School
Elementary: CatholicMcKay Public School
Elementary: PublicÉcole secondaire Confédération
Secondary: PublicEastdale Secondary School
Secondary: PublicPort Colborne High School
Secondary: PublicCentennial Secondary School
Secondary: PublicLakeshore Catholic High School
Secondary: CatholicNotre Dame College School
Secondary: Catholic
