Header
logo

header

$1,499,000
Available - For Sale
Listing ID: X12996316
An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.65% gain on current residential rents
Price $1,499,000
Taxes: $30,009
Tax Type: Annual
Occupancy by: Tenant
Address: 220-228 West Street , Port Colborne, L3K 4E3, Niagara
Postal Code: L3K 4E3
Province/State: Niagara
Legal Description: PT LTS 22 & 23 W/S WEST ST, PL 987-989:
Directions/Cross Streets: West Street between Charlotte Street and Clarence Street
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
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: .3
Total Area Code:  Acres
Approximatly Age: 51-99
Maintenance: 0
Sprinklers: No
Outside Storage: F
Soil Test: No
Heat Type: Baseboard
Central Air Conditioning: No
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:

From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE SIGNATURE REALTY

220-228 West Street , Port Colborne, L3K 4E3, Niagara

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

 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Port Colborne
Neighbourhood: 878 - Sugarloaf
Style:
Lot Size: x 165.00(Feet)
Approximate Age: 51-99
Tax: $30,009
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
Locatin Map:
View Larger Map
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Listing info
Description
General Details
Property Detail
Financial Info
Utilities and more
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Print This Page

Listing added to compare list, click here  to view comparison chart.
Change Language

 

 

 

Ontario Mortgage Rates

Rates Updated: —
1 yr – Fixed— %3 yrs – Fixed— %5 yrs – Fixed— %10 yrs – Fixed— %3 yrs – Variable— %5 yrs – Variable— %
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