$899,500
FOR SALE

Investment

Lot: 60.7 x 66.63 ft
2025 Taxes: $7,578

664 King St
Port Colborne, ON L3K 4H8 | 877 - Main Street | Niagara

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.
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12820112
Last Updated Feb 25, 2026
Property Summary
Property Type Investment

More like this:
PIN 641470124
Legal Description PART LOT 29, PLAN 768 BEING PART 2 ON PLAN 59R17322 CITY OF PORT COLBORNE
Possession Date TBD
Taxes (2025) $7,578
Directions/Cross Streets King St & Charles St
Neighbourhood 877 - Main Street
Area Niagara
Price History

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Detailed Information
Lot 60.7 x 66.63 ft
Air Conditioning Yes
Garage Type None
Heat Type Gas Forced Air Closed

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