224 Mitchell Street, Port Colborne, ON L3K 1Y3
Port Colborne, ON, L3K 1Y3 · 876 - East Village
About this property
Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. The offering includes three separate buildings located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., currently generating rental income from existing tenants. 220 Mitchell Street: Two tenants generating $2,500 in combined monthly rental income. 224 Mitchell Street: Currently configured with three renovated and tenanted main floor one-bedroom units plus an unfinished upstairs area. 59 Louis Street: Two dwelling units with attached garage. One unit currently generating $700 per month and one unit currently vacant. The property also features a detached garage and additional storage shed. Current combined gross monthly rental income from occupied units is $6,850. Major capital improvements across the portfolio include roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades. Conveniently located close to amenities, parks, and the historic Welland Canal corridor.
Features & Amenities
- Basement: Partial Basement
- Garage: None
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 11 |
| Bathrooms | 7 |
| Basement | Partial Basement |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $5,499 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Concrete Block
- Roof
- Shingles
- Basement
- Partial Basement
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 4.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 90.00
- Lot Width
- 60.28
Financial & Tax
- Tax Annual Amount
- $5,499
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- 60-90
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 10
- Kitchens Above Grade
- 7
- Kitchens Total
- 7
- Bedrooms Above Grade
- 11
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Niagara
- Cross Street
- Louis St & Mitchell St
- Directions
- HWY 140 , right on Main St, Left on Welland St, Left on Durham St, right on Mitchell St.
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
224 Mitchell Street, Port Colborne, ON L3K 1Y3, Port Colborne, ON, L3K 1Y3