224 MITCHELL Street

Port Colborne, 876 - East Village

Descripción

Exceptional 8-Unit Multi-Property Investment /Seize this rare opportunity to own a high-performing, income-generating portfolio featuring three separate buildings across 220/224 Mitchell St. & 59 Louis St. This package includes two duplexes and one fourplex, for a total of 8 residential units with strong cash flow and future upside.224 Mitchell (Fourplex): Three fully renovated 1-bedroom units and one gutted unit approved for a 5-bedroom rooming house. With substantial income potential upon completion of the 5-bedroom unit.59 Louis (Duplex): One 1-bedroom and one bachelor unit, bringing in $1,100/month, plus added value from an on-site garage and shed.220 Mitchell (Duplex): Two 1-bedroom units, both rented at $1,250/month, totaling $2,500/month. Combined gross monthly income is $8050.00with clear value-add potential. The portfolio includes six fully renovated and tenanted units, one rented but unrenovated unit, and one gutted unit awaiting completion. All three properties have received major upgrades, including newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing. With seven units legally recognized by the City, this is a rare, high-yield investment offering both immediate income and long-term appreciation potential.

This multiplex home located at 224 MITCHELL Street, Port Colborne, ON L3K 1Y3 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$1M. It has 11 beds, 7 bathrooms, and is 3500-5000 square feet. The property is N/A years old. 224 MITCHELL Street, Port Colborne, ON L3K 1Y3 is in Port Colborne neighborhood 876 - East Village.