129 Durham ST new Save Request In-Person Tour Request Virtual Tour
Port Colborne,ON L3K 1E1
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision 876 - East Village
MLS Listing ID X12036991
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,900
Tax Year 2024
Property Sub-Type Fourplex
Property Description
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 income of up to $68,000+ 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.
Location
State ON
County Niagara
Community 876 - East Village
Area Niagara
Zoning CC
Rooms
Family Room No
Basement None
Kitchen 4
Interior
Interior Features Other
Cooling Central Air
Exterior
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 31.0
Lot Depth 88.84
Total Parking Spaces 4
Building
Foundation Slab
Others
Senior Community No