Aloysius Okafor
Sales Representative
CENTURY 21 Paramount Realty Inc., Brokerage
Independently owned and operated.
8550 Torbram Rd Unit 4, Brampton, Ontario L6T5C8
Cell: 647-890-0712Office: 905-799-7000Fax: 905-799-7001
$799,900
Available - For Sale
Listing ID: X12426086
229 Main Stre West , Port Colborne, L3K 3V7, Niagara
| Exceptional mixed-use investment opportunity in the heart of Port Colborne's revitalizing downtown. This solid building offers three one-bedroom residential units and one retail storefront, with a total building area of 2,706 sq. ft. Situated on a 56 x 179 lot with ample parking and strong visual exposure, the property combines stable income with long-term growth potential. Two of the residential units are currently vacant, presenting immediate upside for an investor to set market rents. The occupied unit is tenanted by a reliable resident, while the commercial space is also leased, providing steady cash flow. Located within Port Colborne's East Waterfront Community Improvement Project Area (CIP), the property is eligible for municipal incentives that support both building upgrades and redevelopment. These include façade improvement funding, residential rehabilitation grants, and tax increment programs. With Downtown Commercial (CC) zoning, investors have flexibility for mixed-use operations and the potential for further intensification of the site. This property is ideally positioned for investors seeking income stability today and development potential for tomorrow, all within a high-visibility downtown location minutes from the marina, transit, and major highways. |
| Price | $799,900 |
| Taxes: | $6829.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 229 Main Stre West , Port Colborne, L3K 3V7, Niagara |
| Postal Code: | L3K 3V7 |
| Province/State: | Niagara |
| Legal Description: | PT LT 6 N/S MAIN ST W, 7 N/S MAIN ST W P |
| Directions/Cross Streets: | Main St W and King St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | T |
| Total Area: | 2706.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1743 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Recreation/Comm |
| Sprinklers: | No |
| Washrooms: | 4 |
| Rail: | N |
| Heat Type: | Radiant |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary |
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| RE/MAX ESCARPMENT GOLFI REALTY INC. |
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Aloysius Okafor
Sales Representative
Dir:
647-890-0712
Bus:
905-799-7000
Fax:
905-799-7001
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Niagara |
| Municipality: | Port Colborne |
| Neighbourhood: | 877 - Main Street |
| Tax: | $6,829 |
| Baths: | 4 |
| Fireplace: | N |
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