129 Durham Street Port Colborne, Ontario L3K 1E1

$669,990

This exceptional property offers four spacious suites; two in the front building - both equipped with 2 beds + 1 bath.. and two units in the rear - both equipped with 1 bed + 1 bath. With three units vacant at closing, you'll have the opportunity to select your tenants and achieve premium market rents, with a potential yearly income of up to $70,000+ once the vacancies are filled. The tenanted unit rent being collected is $1645.00 monthly. Each suite is equipped with separate hydro and water meters, and sub-meters are installed, leaving only gas expenses for the landlord. Tenants benefit from ample off-street and street parking, as well as convenient on-site laundry facilities.Located in a highly desirable area with affordable property taxes, strong rental demand, and low vacancy rates, 129 Durham St represents a prime investment opportunity. The property sits in the picturesque city of Port Colborne, offering residents easy access to marinas, parks, and the scenic Welland Canal making it a highly attractive location for tenants seeking a balanced, active lifestyle. Recent improvements include a new furnace for units 3 and 4 (2022/2023) + new furnace for units 1 & 2 (2025), along with upgraded windows, roof, soffits, eavestroughs, and gutters. Additional cosmetic enhancements include newly installed interior and exterior doors, as well as modernized kitchens. With excellent insulation and thoughtful upgrades throughout, this property is both efficient and low-maintenance, offering long-term value for savvy investors. (id:50877)

Property Details

MLS® Number	X12173331
Property Type	Multi-family
Community Name	876 - East Village
Parking Space Total	4

Building

Bathroom Total	4
Bedrooms Above Ground	5
Bedrooms Total	5
Amenities	Separate Heating Controls, Separate Electricity Meters
Appliances	Stove, Window Coverings, Refrigerator
Cooling Type	Window Air Conditioner
Exterior Finish	Vinyl Siding
Foundation Type	Slab
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,500 - 2,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	94 Ft
Size Frontage	31 Ft
Size Irregular	31 X 94 Ft
Size Total Text	31 X 94 Ft

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Kitchen			Measurements not available
Second Level	Living Room			Measurements not available
Second Level	Bedroom			Measurements not available
Second Level	Kitchen			Measurements not available
Second Level	Bedroom			Measurements not available
Second Level	Bedroom			Measurements not available
Main Level	Living Room			Measurements not available
Main Level	Bedroom			Measurements not available
Main Level	Bedroom			Measurements not available
Main Level	Living Room			Measurements not available
Main Level	Bedroom			Measurements not available
Main Level	Kitchen			Measurements not available
Main Level	Kitchen			Measurements not available

https://www.realtor.ca/real-estate/28366594/129-durham-street-port-colborne-east-village-876-east-village