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.
LT 1 PL 836 VILLAGE OF HUMBERSTONE; PT LT 20 PL 835 VILLAGE OF HUMBERSTONE AS IN RO181824; LT 21 PL 835 VILLAGE OF HUMBERSTONE; LT 22 PL 835 VILLAGE OF HUMBERSTONE ; PORT COLBORNE
Occupancy
Tenant
Possession Date
Immediate
Taxes (2023)
$10,888.43
Tax Type
Annual
Assessment (2024)
$273,000
Directions/Cross Streets
SE Corner of Main ST E
Area
Niagara
Price History
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Detailed Information
Freestanding
Y
Lot
107 x 107.22 ft
Lot Irregularities
Corner Lot
Retail Area
5,837 ft2
Total Area
0.26 acres
Approximate Age
51-99
Elevator
None
Air Conditioning
Y
Basement
Y
Garage Type
Outside/Surface
Amps
100
Heat Type
Other
Sprinklers
N
Sewers
San+Storm
Utilities
Y
Water
Municipal
Crane
N
Rail
N
Survey
N
Lot/Bldg/Unit Code
Lot
Zoning
HC
Seller Property Info Statement
N
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