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725 King Street Port Colborne, Ontario L3K 4J1

3 Bedroom 3 Bathroom 1838
None Radiant Heat

$419,888

This triplex conveniently located on the west side of growing Port Colborne is the perfect addition to any investor’s portfolio. Whether you want to continue renting out all three units, or live in the large back unit and have the other renters pay your mortgage, this is an excellent opportunity either way. Bottom units can be joined to create one large main floor living area. Plenty of upside potential for massive returns in the future. Bottom two units rent for $622 respectively and upper unit is rented for $1100. All tenants pay their own hydro. Total rent per month $2344. Plumbing has been updated to ABS and Pex, hot water heat, and four separate meters. Crawl space has been recently insulated and lined with vapor barrier. Units have been well maintained and the lower rentals are extremely reliable and help maintain the property including landscaping and grass cutting. This is a solid building with minimal maintenance. (id:38729)

Property Details

MLS® Number 40459970
Property Type Multi-family
Amenities Near By Hospital, Schools
Equipment Type Water Heater
Features Crushed Stone Driveway
Parking Space Total 3
Rental Equipment Type Water Heater

Building

Bathroom Total 3
Bedrooms Total 3
Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Aluminum Siding, Stucco
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Size Interior 1838
Type Triplex
Utility Water Municipal Water

Parking

None

Land

Acreage No
Land Amenities Hospital, Schools
Sewer Municipal Sewage System
Size Depth 131 Ft
Size Frontage 66 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/25878144/725-king-street-port-colborne

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