402 Fares Street, Port Colborne | Image 1

402 Fares Street

Port Colborne

  • - bed - bath - sqft
$X,XXX,XXX Listed: $X,XXX,XXX
Removed

Removed on Aug 16, 2023

Note: Property is not currently for sale or for rent.

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  • Type: Multiplex

  • Style: 2-Storey

  • Size: 3500 sqft

  • Lot Size: 101.94 x 51.75 Feet

  • Age: 51-99 years

  • Taxes: $7,600 per year

  • Days on Site: 102 Days

  • Added: May 06, 2023 (3 months on market)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: X5952464

  • Listed By: Gowest realty ltd.

***Great Investment Opportunity*** Legal 2 Story 5 Unit Updated Brick/Siding Apartment Building On A Corner Lot In Port Colborne That Is Fully Tenanted To Be Assumed In Good Standing With Up-To Date Rents (5.3% Cap Rate). Additionally, There Is A 2+ Car Garage That Can Be Converted To An Additional Residential Unit For An Increased Cap Rate (7.7%) Which Has Existing Plumbing And Electricity (Process Started And Documents Available For City Approvals). One 3 Bedroom Unit/1 Bath, Two 2 Bedroom Units/1 Bath, And Two 1 Bedroom Units/1 Bath. All Fully Rented With Great Tenants. Parking For 5+ Cars, Plus On Road Parking Too. Entire Building Has Been Updated Within The Last Year With Fresh Paint, Flooring, Kitchens, C02 Detectors, Smoke Alarms Etc. Every Units Has Own Laundry Facilities With Additional Coin Laundry 300 Feet Away. Walking Distance To All Shopping, Schools, And Amenities. High Demand Area With Increasing Population, Ample Employment, And Friendly Proactive/Safe Community.

Extras

Tenanted Property. Showing Times Are Restricted. Great Addition To Any Investors Portfolio With Positive Cash Flow And Opportunity To Convert Garage To Additional Legal Rental Living Space Resulting In An Increased Cap Rate Of 7.7%

Status

  • Days on Market: 102

  • Last Status: Terminated

  • Sold Date: Apr 26, 2024

  • Closed Date: Nov 30, -0001

  • Expiry Date: Sep 29, 2023

  • Unavailable Date: Aug 16, 2023

  • Input Date: May 06, 2023

  • Prior LSC: Listing with no contract changes

Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Size (sq ft): 3500

  • Age: 51-99

  • Area: Port Colborne

Inside

  • Bedrooms: 9

  • Bathrooms: 5

  • Kitchens: 5

  • Rooms: 24

  • Den/Family Room: Yes

  • Air Conditioning: Central Air

  • Fireplace: No

  • Laundry Level: Main

  • Central Vacuum: N

  • Washrooms: 5

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Yes

  • Telephone: Yes

Building

  • Basement: Unfinished

  • Basement 2: Walk-Up

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Elevator: N

  • UFFI: No

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

  • Special Designation: Accessibility

  • Retirement: N

Parking

  • Driveway: Private

  • Garage Spaces: 2

  • Garage Type: Detached

  • Covered Parking Spaces: 6

  • Total Parking Spaces: 8

Fees

  • Tax Year: 2023

  • Tax Legal Description: See Exclusion Page

  • Taxes: $7,600

Highlights

  • Feature: Arts Centre

  • Feature: Level

  • Feature: Library

  • Feature: Place Of Worship

  • Feature: River/Stream

Land

  • Cross Street: Corner Of Fares St &

  • Municipality District: Port Colborne

  • Fronting On: North

  • Parcel Number: 641550019

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 51.75 Feet

  • Lot Frontage: 101.94 Feet

  • Lot Irregularities: ***See Virtual Tour**

  • Acres: < .50

  • Zoning: Nc

  • Water Body Name: Erie

  • Water Body Type: Lake

  • Access To Property: Public Docking

  • Easements Restrictions: Unknown

Additional Media

  • Virtual Tour: https://tours.darexstudio.com/2125386?idx=1

Rooms

Room details for 402 Fares Street, Port Colborne

Type Dimensions
Kitchen 2nd 2.90 x 4.30
Kitchen 2nd 3.10 x 4.40
Kitchen 2nd 3.80 x 4.30
Kitchen Ground 2.14 x 5.74
Kitchen Ground 5.40 x 5.40
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Somewhat Walkable

  • Some errands can be accomplished on foot.
69 /100

Very Bikeable

  • Most errands can be accomplished on bike.
77 /100
Map of 402 Fares Street, Port Colborne
JK-8

ÉÉC Saint-Joseph

Elementary: Catholic
0.91 km
JK-8

Steele Street Public School

Elementary: Public
1.35 km
JK-8

St Therese Catholic Elementary School

Elementary: Catholic
1.38 km
JK-8

DeWitt Carter Public School

Elementary: Public
0.12 km
JK-8

St John Bosco Catholic Elementary School

Elementary: Catholic
1.76 km
JK-8

McKay Public School

Elementary: Public
1.05 km
9-12

École secondaire Confédération

Secondary: Public
11.21 km
9-12

Eastdale Secondary School

Secondary: Public
10.97 km
9-12

Port Colborne High School

Secondary: Public
1.10 km
9-12

Centennial Secondary School

Secondary: Public
12.94 km
Pre-Grade 9-12

Lakeshore Catholic High School

Secondary: Catholic
0.75 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
12.33 km

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