335 Wellington Street

Port Colborne L3K 2K4

$1,649,000

About the Property

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.

Extra info

VTB is available.

Property Details

Property Type:

Multi-Use

Land Size:

107.00 x 107.22 FT

Water Included:

Municipal

Garage Type:

Outside/Surface

Annual Property Taxes:

$10,888.43

Cross Street:

SE Corner of Main ST E

Freestanding:

Y

Status:

For Sale

Use:

Retail Store Related

Listing ID:

X9358940

Price History

Date

19th September 2024

Event

Listed For Sale

Price

$1,649,000

Time On Market

2 weeks

Harpreet Rakhra

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    Harpreet Rakhra

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