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$ 550,000
Est. payment /mo
New
12 Nickel ST Port Colborne, ON L3K 1A9
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 876 - East Village
MLS Listing ID X12053122
Style 2-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $2,059
Tax Year 2024
Property Sub-Type Triplex
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Meters for each unit. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today!
Location
Province ON
County Niagara
Community 876 - East Village
Area Niagara
Rooms
Family Room No
Basement Finished, Separate Entrance
Kitchen 3
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 45.0
Lot Depth 66.0
Total Parking Spaces 4
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE