152 West Street

**Multi-Family Home for sale in Port Colborne **

This impressive 2-storey building features four distinct units, each comprising one bedroom and one bathroom. Each unit has its own private exterior entrance, ensuring both privacy and convenience for tenants. The property showcases a total of 16 rooms, with an inviting atmosphere created by the original hardwood flooring and thoughtful character that permeates throughout. Notably, the two upstairs apartments come with their own balconies, providing a lovely space for residents to enjoy the fresh air and stunning views.

The exterior of the building is clad in durable vinyl siding, ensuring low maintenance while maintaining its charming appeal. With a total of four kitchens, this Multi-Family Home for sale in Port Colborne is ideal for tenants who appreciate the convenience of cooking in their own space. The property does not include a den or additional rooms, but the layout is well-designed for comfortable living.

The property is equipped with wall unit air conditioning, providing a cool respite during the warmer months. While there is no central vacuum system or family room, the presence of a fireplace adds a touch of warmth and character to the living spaces. Internet connectivity is available, ensuring that residents can stay connected in today’s digital age.

In terms of utilities, the property benefits from municipal water and sewer services, while heating is provided through a forced air system. The basement is partially unfinished, offering potential for future development or storage, although there are no additional features to note. The property sits on a generous lot measuring 24 x 143 feet, providing ample outdoor space for tenants to enjoy.

Parking is a significant advantage of this Multi-Family Home for sale in Port Colborne, with space available for six vehicles located at the rear of the building. This is a rare find in such a sought-after location, where parking can often be a challenge. The property is unfurnished, allowing new owners the freedom to tailor the spaces to their liking.

The financials for this investment are compelling. For the year 2024, the gross annual income is projected at £49,608, with annual expenses (including insurance, utilities, and taxes) totalling £12,017. This results in a net operating income of £37,591, providing a solid return on investment. Currently, three of the units are occupied by reliable long-term tenants, while one unit will be delivered vacant, presenting an excellent opportunity for the new owner to set their own rent and potentially increase income further.

If you have been seeking to add a stable and strategically located investment to your portfolio, this Multi-Family Home for sale in Port Colborne is an opportunity that should not be overlooked. The combination of its prime location, income potential, and unique features makes 152 West Street, Port Colborne, a property worth serious consideration. Don't miss your chance to invest in a property that rarely comes available in such a vibrant community.

Sugarloaf, located within the city of Port Colborne, is a charming and picturesque community that offers a unique blend of natural beauty and small-town charm. Nestled along the shores of Lake Erie, it boasts stunning waterfront views and access to serene parks, making it an ideal spot for outdoor enthusiasts. The area is characterised by its friendly atmosphere, with tree-lined streets and a variety of local amenities, including quaint shops and delightful eateries. Residents enjoy a relaxed lifestyle, with opportunities for recreational activities such as boating, fishing, and hiking in the nearby trails. Sugarloaf is perfect for those seeking a peaceful retreat while still being conveniently close to the vibrant offerings of Port Colborne.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance of approximately 0.9 km, you'll find Steele Street Public School, an English-language elementary school serving grades JK to 8, with a respectable school rating of 6.8. Port Colborne High School, also just 0.9 km away, offers secondary education for grades 9 to 12, although it has a lower rating of 5.4. Additionally, McKay Public School, located 1.0 km from the property, provides French-language instruction for grades 4 to 8 and boasts a rating of 6.9. For families seeking a Catholic education, St. Patrick Catholic Elementary School is 1.7 km away and has a strong rating of 7.1, serving grades K to 8. Lakeshore Catholic High School, situated 1.5 km from the property, offers secondary education for grades 9 to 12 with a rating of 5.7. Overall, the proximity and variety of schools, including both public and Catholic options, ensure that families have access to quality education within a short distance from home.