$559,000

For sale

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187 Erie Street, Port Colborne (Main Street) - Multi-family for Sale

187 Erie Street, Port Colborne (Main Street), Ontario, L3K4M5

3 beds2 baths2 parking ft²

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

4 bd2 ba3 pk1,750 ft²Lot size 40 × 120 ft (4,800 sq ft)

Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

632 King Street, Port Colborne (Main Street), Ontario, L3K4H8

For sale

23 days ago

$575K

632 King Street, Port Colborne (Main Street), Ontario, L3K4H8

5 bd2 ba4 pk1,750 ft²Lot size 59 × 132 ft (7,735 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

255 Mellanby Avenue, Port Colborne (Main Street), Ontario, L3K2M2

For sale

55 days ago

$500K

255 Mellanby Avenue, Port Colborne (Main Street), Ontario, L3K2M2

3 bd2 ba9 pk1,300 ft²Lot size 79 × 132 ft (10,428 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

223 Main Street West, Port Colborne (Main Street), Ontario, L3K3V7

For sale

109 days ago

$515K

223 Main Street West, Port Colborne (Main Street), Ontario, L3K3V7

4 bd3 ba8 pkLot size 35 × 180 ft (6,304 sq ft)

Listed by CENTURY 21 LEADING EDGE REALTY INC.

Investment analysis

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$559,000

Port Colborne

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33 × 132 ft (4,356 sq ft) lot size

Overview

This multi-family property in Port Colborne is for sale offering roughly 1,300 sq ft of space. It has been on the market 38 days, fresher than the Port Colborne average of 85 days.

Multi-Family Properties for Sale in Port Colborne →All real estate in Port Colborne →

Description

Rare legal duplex up & down style - both above ground! Recently renovated main/ground level unit! 2 beds, 1 bath and great sized living room in the main floor unit. The ground unit has a nice front porch. The upper unit is accessed separately from the stairs at the back and has 1 bed, 1 bath and also has plenty of living space upstairs. Laundry is shared and has a separate entrance for the upper unit and access from a door for the ground unit to go in direct from the unit. 2 Car driveway. Great sized back yard, plenty of green space to enjoy. (id:66096)

Property Details

MLS®: X13841662
Property Type: Multi-family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 33 × 132 ft (4,356 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: None
Heating: Forced air, Natural gas
Cooling: Wall unit
Garage: No Garage
Property Tax: $3,199.73/yr
Listed: 38 days ago

Features

Foundation: Unknown
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Port Colborne (Main Street) listings, avg age

85d

Price / ft²

$430

List price

$559K

Haho

This 3-bed multi-family in Port Colborne (Main Street) has been listed for 38 days, which is 47 days fresher than the city average of 85. Act while there is still low competition.

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Listed by SAM MCDADI REAL ESTATE INC. · SAM ALLAN MCDADI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3K)

This home lists at $559,000, about 8.0× the local median household income of $70,000.

Carrying it typically needs a household income of about $109,192 (20% down, 25-yr amortization, stress-tested) — roughly 56% 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)

$559,000· $430/ft²

For sale

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Full Cost Breakdown

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Down Payment5.53% · $30,900

Min 5.53%50%

Mortgage payment$2,928/mo

↳ CMHC premium ($21,124 capitalized)

Property tax (est.)$267/mo

Total monthly$3,195

Cash Needed to Close

Down payment (5.53%)$30,900

Land transfer tax$7,655

Est. closing costs$4,177

Total cash needed$42,732

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