24 Charles St,Port Colborne, ON L3K 3R2
Port Colborne, ON L3K 3R2
Description
This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 5.6% cap rate on entry based on conservative underwriting, the property features three spacious and well-designed units, including a premium three-bedroom, two-storey main suite with high-end finishes, contemporary design, and an impressive ~600 sq. ft. primary bedroom complete with a walk-in closet and ensuite bathrooms. The two additional units-a below-grade suite and a side-entry unit-provide functional layouts and broad rental appeal, with all units equipped with in-suite air conditioning and laundry. The property includes ample on-site parking, accommodating more than two vehicles per unit with additional space for larger vehicles or storage. Utilities are allocated through an equal-billing structure, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, creating predictable operating costs. The asset is currently operated as an Airbnb, offering added income potential where permitted. This triplex is one half of a two-building portfolio, sharing an adjoining wall with a matching triplex next door, allowing investors the opportunity to scale with a complementary asset. Turnkey, modern, and income-producing, this is a rare chance to secure a high-quality new-build investment in a strong rental market.
Details
| MLS # | X12641986 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 247 |
| Listing Provided By | EXP REALTY | X12641986 285400 |
Features
| SQ Feet | 3,907 |
|---|---|
| Acreage | 0.09 |
Interior
| Cooling | Yes |
|---|
Utilities
| Utilities | Available |
|---|
Taxes
| Tax Annual Amount | 7773 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PART LOT 29, PLAN 768 BEING PART ONE ON PLAN 59R17322 CITY OF PORT COLBORNE |
| Tax Year | 2024 |
Area Information
| Province | ON |
|---|---|
| Region | Niagara |
| City | Port Colborne |
| Postal Code | L3K 3R2 |
| Area | 877 Main Street |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Niagara |
| City | Port Colborne |
| Postal Code | L3K 3R2 |
| Area | 877 Main Street |
