Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. The offering includes three separate buildings located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., currently generating rental income from existing tenants. 220 Mitchell Street: Two tenants generating $2,500 in combined monthly rental income. 224 Mitchell Street: Currently configured with three renovated and tenanted main floor one-bedroom units plus an undeveloped upstairs area. 59 Louis Street: Two dwelling units with attached garage. One unit currently generating $700 per month and one unit currently vacant. The property also features a detached garage and additional storage shed. Current combined gross monthly rental income from occupied units is $6,850. Major capital improvements across the portfolio include roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades. Conveniently located close to amenities, parks, and the historic Welland Canal corridor. Offered under Power of Sale on an as-is, where-is basis with no representations or warranties from the seller. (id:47421)
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Detailed Information
Bedrooms
11
Bathrooms
7
Lot
60.25 x 90 ft
Equipment
Water Heater
Listing Contract Date
2026-03-16
Location Description
Cross Streets: Louis St & Mitchell St. ** Directions: HWY 140 , right on Main St, Left on Welland St, Left on Durham St, right on Mitchell St.
# of Parking Spaces
4
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
R3
Building
Age
100+ years
Basement Type
Partial
Cooling Type
None
Exterior Finish
Vinyl siding
Foundation Type
Block
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air, Not known
Stories Total
2
Type
Other
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
60.3 x 90 FT
Sewer
Sanitary sewer
Size of Irregular Land
60.3 x 90 FT
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