$1,499,000
FOR SALE

Investment

Lot: 91 x 165 ft
2025 Taxes: $30,009

220-228 West St
Port Colborne, ON L3K 4E3 | 878 - Sugarloaf | Niagara

An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.65% gain on current residential rents
Share
Listed By ROYAL LEPAGE SIGNATURE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12996316
Last Updated Apr 14, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
PIN 641630295
Legal Description PT LTS 22 & 23 W/S WEST ST, PL 987-989: PT WEST, ST PL 987-989 AS IN RO369044: T/W RO369044: CITY OF PORT COLBORNE
Possession Date Anytime
Taxes (2025) $30,009
Directions/Cross Streets West Street between Charlotte Street and Clarence Street
Neighbourhood 878 - Sugarloaf
Area Niagara
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 91 x 165 ft
Air Conditioning No
Basement Basement
Garage Type Outside/Surface
Parking Spaces 12
Heat Type Baseboard

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)