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$589,900
Available - For Sale
Listing ID: X12665708
An outstanding mixed-use investment located in the core of Port Colborne's transforming downtown district. This well-maintained property features three one-bedroom residential apartments and a ground-level retail unit, offering 2,706 sq. ft. of total building area. Positioned on a 56' x 179' lot, the site benefits from generous on-site parking and excellent street presence, supporting both residential and commercial appeal. Two of the residential units are currently vacant, creating an immediate opportunity for an investor to secure market rents, while the remaining apartment and the retail space are leased, providing dependable income. Situated within the East Waterfront Community Improvement Project Area, the property may qualify for a range of municipal incentive programs, including façade improvement assistance, residential renovation grants, and tax-based redevelopment incentives. Downtown Commercial (CC) zoning allows for flexible mixed-use use and potential future intensification. With strong visibility, proximity to the marina, transit routes, and major highways, this asset offers a compelling blend of current income and future redevelopment potential.
Price $589,900
Taxes: $6,829
Tax Type: Annual
Occupancy by: Tenant
Address: 229 Main Street West , Port Colborne, L3K 3V7, Niagara
Postal Code: L3K 3V7
Province/State: Niagara
Legal Description: PT LT 6 N/S MAIN ST W, 7 N/S MAIN ST W P
Directions/Cross Streets: Main St W and King St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 2,706
Total Area Code:  Square Feet
Office/Appartment Area: 1743
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway   Recreation/Comm
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Radiant
Central Air Conditioning: Partial
Sewers: Sanitary
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REVEL Realty Inc., Brokerage

229 Main Street West , Port Colborne, L3K 3V7, Niagara

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Store W Apt/Office
Area: Niagara
Municipality: Port Colborne
Neighbourhood: 877 - Main Street
Style:
Lot Size: x 176.22(Feet)
Approximate Age:
Tax: $6,829
Maintenance Fee: $0
Beds: 0
Baths: 4
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908