12 Nickel Street For Sale

Port Colborne, East Village, L3K 1A9

$550,000

Description

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE.

INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Meters for each unit. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today!

3 stoves, 2 fridges, 2dishwasher, washer, dryer

Location

View Map
  • Address: 12 Nickel Street
  • Neighborhood: East Village
  • City: Port Colborne
  • State: Ontario
  • Postal Code: L3K 1A9

Property Details

  • Property ID: X12053122
  • Property Price: $550,000
  • Style: Triplex, 2-Storey
  • Sq/Ft: 1100-1500
  • Rooms: 9+4
  • Bedrooms: 5
  • Bath: 3
  • Parking Spaces: 4
  • Year Built: 51-99
  • Basement: Finished, Sep Entrance
  • Central Vac.: N
  • Den: N
  • Exterior: Vinyl Siding
  • Heating: Radiant
  • Fireplace: N
  • Taxes: $2,059.00 (2024)
  • Lot: 66x45 (Feet)

Room details and dimensions

Statistics for similar Triplex homes in East Village

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Triplex homes in East Village

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Triplex homes in East Village

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100