This 8-unit building at 335 Wellington Street, Port Colborne, offers a prime investment opportunity in a highly sought-after location. The building consists of five commercial units and three residential apartments, with a total leasable area of approximately 5,837 square feet. Situated on a 0.26-acre site, it features 12+ parking spaces and has been well-maintained, with recent renovations exceeding $300,000. The commercial units, ideal for a variety of businesses, complement the residential apartments, offering diverse rental income streams. The property has undergone significant upgrades, including new plumbing, electrical systems, flooring, and more in Units 6 and 7, ensuring minimal capital expenditures for the new owner. The building is zoned for Highway Commercial use, offering flexibility for future development or changes in tenant mix. The site is in good condition, requiring minimal seasonal maintenance, and boasts great curb appeal with newer exterior finishes and well-maintained parking areas. Whether youre looking for stable rental income or long-term value appreciation, this property stands as a compelling investment in the evolving Port Colborne real estate market. This is a rare opportunity to secure a property with both commercial and residential components in an expanding urban area. Dont miss out on this exceptional chance to invest. (id:47421)
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Detailed Information
Lot
107 x 107 ft
Amenities Nearby
Public Transit
Community Features
High Traffic Area
Features
Paved driveway
Listing Contract Date
2024-09-19
Location Description
SE Corner of Main ST E & Wellington Street
Ownership Type
Freehold
# of Parking Spaces
10
Property Type
Office
Signage
Signband
Transaction Type
For sale
Zoning Description
HC
Building
Basement Type
Full
Construction Material
Wood frame
Exterior Finish
Brick, Wood
Foundation Type
Block
Stories Total
2
Size (Exterior)
5837
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
0.262 acres
Access Type
Highway access
Amenities
Public Transit
Sewer
Municipal sewage system
Size of Irregular Land
0.262
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