12 Nickel Street Port Colborne, Ontario L3K 1A9

$550,000

INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Meters for each unit. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today! (id:50877)

Property Details

MLS® Number	X12053122
Property Type	Multi-family
Community Name	876 - East Village
Equipment Type	Water Heater
Parking Space Total	4
Rental Equipment Type	Water Heater

Building

Bathroom Total	3
Bedrooms Above Ground	5
Bedrooms Total	5
Age	51 To 99 Years
Appliances	Dishwasher, Dryer, Stove, Washer, Two Refrigerators
Basement Development	Finished
Basement Features	Separate Entrance
Basement Type	N/a (finished)
Exterior Finish	Vinyl Siding
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	1,100 - 1,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	66 Ft
Size Frontage	45 Ft
Size Irregular	45 X 66 Ft
Size Total Text	45 X 66 Ft
Zoning Description	Nc

Rooms

Level	Type	Length	Width	Dimensions
Basement	Foyer	2.08 m	3.3231 m	2.08 m x 3.3231 m
Basement	Living Room	3.24 m	4.9 m	3.24 m x 4.9 m
Basement	Kitchen	3.02 m	3.09 m	3.02 m x 3.09 m
Basement	Dining Room	3.02 m	1.43 m	3.02 m x 1.43 m
Basement	Bathroom	2.69 m	1 m	2.69 m x 1 m
Main Level	Living Room	4.06 m	5 m	4.06 m x 5 m
Main Level	Bedroom	2.89 m	2.57 m	2.89 m x 2.57 m
Main Level	Bedroom	2.89 m	2.46 m	2.89 m x 2.46 m
Main Level	Kitchen	4.23 m	3.49 m	4.23 m x 3.49 m
Upper Level	Bathroom	1.36 m	2.75 m	1.36 m x 2.75 m
Upper Level	Kitchen	2.07 m	2.9 m	2.07 m x 2.9 m
Upper Level	Den	2.44 m	2.85 m	2.44 m x 2.85 m
Upper Level	Bedroom	2.49 m	2.51 m	2.49 m x 2.51 m
Upper Level	Bedroom	2.47 m	2.51 m	2.47 m x 2.51 m
Upper Level	Primary Bedroom	2.52 m	2.85 m	2.52 m x 2.85 m
Upper Level	Living Room	3.58 m	3.04 m	3.58 m x 3.04 m

https://www.realtor.ca/real-estate/28099988/12-nickel-street-port-colborne-876-east-village-876-east-village