$449,900

For sale

125 Omer Avenue, Port Colborne (Main Street) - Multi-family for Sale

125 Omer Avenue, Port Colborne (Main Street), Ontario, L3K3Y5

4 beds2 baths3 parking1,750 ft²40 × 120 ft (4,800 sq ft) lot sizeListed 21 days ago

Overview

This multi-family property in Port Colborne is for sale offering roughly 1,750 sq ft of space. It has been on the market 21 days, fresher than the Port Colborne average of 83 days.

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Description

Welcome to 125 Omer Avenue, a lovely duplex offering two 2-bedroom, 1-bathroom units in Port Colborne. The main-floor unit features a functional layout with living and dining space, private laundry and access to the unfinished basement and backyard, while the upper unit is currently rented for $1,500/month inclusive, providing existing rental income. Recent updates include bathrooms, flooring throughout, new front and rear decks, and a new fence. Outside, the property offers a large yard and detached garage with additional space for storage, hobbies or a workshop. With two self-contained units and the main floor currently owner occupied, this property offers flexibility for investors, buyers looking to live in one unit while collecting rent from the other, or those looking for separate living spaces under one roof. (id:66096)

Property Details

MLS®: X14030570
Property Type: Multi-family
Zoning: R2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 40 × 120 ft (4,800 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: Detached Garage, Garage
Property Tax: $2,382/yr
Listed: 21 days ago

Rooms

Main level

Living room: 4.32 x 3.81 meters
Kitchen: 4.22 x 3.63 meters
Dining room: 3.81 x 1.83 meters
Primary Bedroom: 3.71 x 3.66 meters
Bedroom: 3.2 x 2.64 meters

Second level

Living room: 4.57 x 3.05 meters
Kitchen: 3.66 x 3.08 meters
Bedroom: 3.66 x 3.05 meters
Bedroom: 3.05 x 2.13 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Dryer, Two stoves, Two Washers, Water Heater, Two Refrigerators
Foundation: Block
Exterior: Vinyl siding
Lot Features: Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Port Colborne (Main Street) listings, avg age

83d

Price / ft²

$257

List price

$450K

Haho

This 4-bed multi-family in Port Colborne (Main Street) has been listed for 21 days, which is 62 days fresher than the city average of 83. Act while there is still low competition.

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Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE · Amber Estabrooks

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3K)

This home lists at $449,900, about 6.4× the local median household income of $70,000.

Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.

Median household income: $70,000
Population: 19,458
Median age: 50.8
Owner / renter: 73% / 27%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L3K)

$449,900· $257/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,495

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,096 capitalized)

Property tax (est.)$199/mo

Total monthly$2,568

Cash Needed to Close

Down payment (5%)$22,495

Land transfer tax$5,473

Est. closing costs$3,850

Total cash needed$31,818

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