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$674,900
Available - For Sale
Listing ID: X12473728
Exceptional mixed-use investment opportunity in the heart of Port Colborne's revitalizing downtown. This solid building offers three one-bedroom residential units and one retail storefront, with a total building area of 2,706 sq. ft. Situated on a 56' x 179' lot with ample parking and strong visual exposure, the property combines stable income with long-term growth potential. Two of the residential units are currently vacant, presenting immediate upside for an investor to set market rents. The occupied unit is tenanted by a reliable resident, while the commercial space is also leased, providing steady cash flow. Located within Port Colborne's East Waterfront Community Improvement Project Area (CIP), the property is eligible for municipal incentives that support both building upgrades and redevelopment. These include façade improvement funding, residential rehabilitation grants, and tax increment programs. With Downtown Commercial (CC) zoning, investors have flexibility for mixed-use operations and the potential for further intensification of the site. This property is ideally positioned for investors seeking income stability today and development potential for tomorrow, all within a high-visibility downtown location minutes from the marina, transit, and major highways.
Price $674,900
Taxes: $6,829
Tax Type: Annual
Occupancy by: Tenant
Address: 229 Main Street West , Port Colborne, L3K 3V7, Niagara
Postal Code: L3K 3V7
Province/State: Niagara
Legal Description: PT LT 6 N/S MAIN ST W, 7 N/S MAIN ST W P
Directions/Cross Streets: Main St W and King St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 2,706
Total Area Code:  Square Feet
Office/Appartment Area: 1743
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway   Recreation/Comm
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Radiant
Central Air Conditioning: Partial
Sewers: Sanitary
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX ESCARPMENT GOLFI REALTY INC.

229 Main Street West , Port Colborne, L3K 3V7, Niagara


 
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At a Glance:
Type: Com - Store W Apt/Office
Area: Niagara
Municipality: Port Colborne
Neighbourhood: 877 - Main Street
Style:
Lot Size: x 176.22(Feet)
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Tax: $6,829
Maintenance Fee: $0
Beds: 0
Baths: 4
Garage: 0
Fireplace: N
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