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!
RE/MAX NIAGARA REALTY LTD, BROKERAGE
$550,000
12 Nickel Street, Port Colborne, Ontario
5 Bedrooms
3 Bathrooms
1100 Sqft
Property
MLS® Number: X12053122
Address: 12 Nickel Street
City: Port Colborne
Style: 2-Storey
Exterior: Vinyl Siding
Utilities
Heating: Gas, Radiant
Parking
Parking Spaces: 4
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Property Sale History
Travel and Neighbourhood
63/100Walk Score®
Somewhat Walkable
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Location
Contact Scott Sweitzer
