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12 Nickel Street Port Colborne, Ontario L3K 1A9

5 Bedroom 3 Bathroom 1100 - 1500 sqft
Radiant Heat

$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 & Hydro Meters for each unit, 1 gas Meter. 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:35544)

Property Details

MLS® Number X12053122
Property Type Multi-family
Community Name 876 - East Village
EquipmentType Water Heater
ParkingSpaceTotal 4
RentalEquipmentType Water Heater

Building

BathroomTotal 3
BedroomsAboveGround 5
BedroomsTotal 5
Age 51 To 99 Years
Appliances Dishwasher, Dryer, Stove, Washer, Two Refrigerators
BasementDevelopment Finished
BasementFeatures Separate Entrance
BasementType N/a (finished)
ExteriorFinish Vinyl Siding
FoundationType Block
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 2
SizeInterior 1100 - 1500 Sqft
Type Triplex
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 66 Ft
SizeFrontage 45 Ft
SizeIrregular 45 X 66 Ft
SizeTotalText 45 X 66 Ft
ZoningDescription Nc

Rooms

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