$ 1,649,000
335 WELLINGTON Street Port Colborne, ON L3K2K4
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$ 1,649,000
Est. payment | /mo
5,837 SqFt
$ 1,649,000
Est. payment | /mo
5,837 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 5,837 sqft
Price per Sqft $282
Subdivision 875 - Killaly East
MLS® Listing ID 40649189
Originating Board Cornerstone - Mississauga
Lot Size 0.262 Acres
Acres 11412.72
Property Description
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. (id:24570)
Location
Province ON
Exterior
Parking Features Yes
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXP REALTY OF CANADA INC
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Gabriela Humeniuk
Real Broker