Detached Home for Sale

MLS# H4174281 Price: $599,900

Discover a solid investment opportunity at 129 Durham St, Port Colborne. This property offers four suites, two in the front structure and two in the back, all currently vacant, allowing you to choose your tenants and secure top-market rent near the 1% rule with a potential NOI of $50,000 upon filling vacant units. Each suite has separate meters for hydro and water, with sub-meters installed, leaving only gas expenses to the landlord. Tenants benefit from ample off-street and street parking options. Shared laundry facilities are available on-premise for added convenience. Located in an area with affordable property taxes, strong rental demand, and low vacancy rates, 129 Durham St provides a practical investment opportunity. The charming city of Port Colborne offers residents easy access to marinas, parks, and the Welland Canal, making it an appealing choice for tenants seeking a well-balanced lifestyle. Capital improvements made in 2022/2023 include a new furnace for units 3 & 4 in the back structure, new windows, roof, soffit, eavestrough, and gutters. The front structure's roof remains in excellent condition. The property is insulated and features sub-meters for hydro and water. Further cosmetic enhancements in 2022/2023 include new interior and exterior doors, contemporary kitchens, commercial-grade high-wear flooring, tile, smart thermostats, and revamped bathrooms. Vendor take back (VTB) mortgage negotiable.

Property Details: 129 Durham Street (near Welland St/Durham St )
Listing# 21920


Address 129 Durham Street
City Port Colborne
Cross Streets Welland St/Durham St
District Port Colborne / Wainfleet (8)
Neighbourhood Durham St (877)
Listing Agent Robert Kasowski


Sub Type Freehold Type Detached
Price $ 599,900 Lease Rate Per For Sale
Style 2 Storey Approx. Age 51-99 Years
Location Port Colborne Construction Vinyl Siding
Heating Forced Air Square Footage 2045


Rooms 13 Bedrooms 6
Full Bathrooms 4 Half Bathrooms 0
Garage None

Room Details All dimensions are in square feet (sq ft).

Level Name Width Length Description
M Bedroom 6.8 6.5
M Bathroom 3-Piece
M Kitchen 11.2 8.11
M Living Room 10.10 11.5
M Bedroom 8 8.1
M Living Room 9.4 9.8
M Kitchen 7.1 6.3
M Bedroom 6.5 9.10
M Bathroom 3-Piece
M Laundry Room 7.4 6.3
2 Bathroom 3-Piece
2 Bedroom 11.4 11.5
2 Kitchen 8.5 11.2
2 Bedroom 7.4 8
2 Bathroom 3-Piece
2 Bedroom 7.11 9.5
2 Kitchen 8 9.5
2 Living Room 9.5 14.6

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Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.