224 MITCHELL Street For Sale

Port Colborne, East Village, L3K 1Y3

$974,000

Description

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!

Location

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  • Address: 224 MITCHELL Street
  • Neighborhood: East Village
  • City: Port Colborne
  • State: Ontario
  • Postal Code: L3K 1Y3

Property Details

  • Property ID: X11962911
  • Property Price: $974,000
  • Style: Multiplex, 2-Storey
  • Rooms: 10
  • Bedrooms: 11
  • Bath: 7
  • Garages Spaces: 2
  • Parking Spaces: 4
  • Year Built: 51-99
  • Central Vac.: N
  • Den: N
  • Elevator: N
  • Exterior: Stucco/Plaster, Wood
  • Heating: Water
  • Fireplace: N
  • Taxes: $5,177.20 (2024)
  • Lot: 90x60.28 (Feet)

Property History

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Contact Manoj Kukreja

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