$899,500
FOR SALE

Multiplex

Lot: 60.67 x 66.58 ft

664 King Street
Port Colborne (Main Street), ON L3K 4H8

This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 6.00% cap rate on entry based on conservative underwriting, the property features three spacious and well-designed units, including a premium three-bedroom, two-storey main suite with high-end finishes, contemporary design, and an impressive ~600 sq. ft. primary bedroom complete with a walk-in closet and ensuite bathrooms. The two additional units-a below-grade suite and a side-entry unit-provide functional layouts and broad rental appeal, with all units equipped with in-suite air conditioning and laundry. The property includes ample on-site parking, accommodating more than two vehicles per unit with additional space for larger vehicles or storage. Utilities are allocated through an equal-billing structure, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, creating predictable operating costs. The asset is currently operated as an Airbnb, offering added income potential where permitted. This triplex is one half of a two-building portfolio, sharing an adjoining wall with a matching triplex next door, allowing investors the opportunity to scale with a complementary asset. Turnkey, modern, and income-producing, this is a rare chance to secure a high-quality new-build investment in a strong rental market. (id:47421)
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12820112
Last Updated Mar 28, 2026
Property Summary
Property Type Multiplex

More like this:
Community 877 - Main Street
Price History

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Detailed Information
Lot 60.67 x 66.58 ft
Farm Type Other
Listing Contract Date 2026-02-25
Location Description Cross Streets: King St & Charles St. ** Directions: West on Hwy 3, turn Left onto King St, and Right onto Charles St.
Property Type Multi-family
Transaction Type For sale
Zoning Description RD
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Type Multi-Family
Utility Water Municipal water
Land
Total Size 60.7 x 66.63 FT
Size of Irregular Land 60.7 x 66.63 FT

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