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$499,000
Port Colborne
292 Fares Street, Port Colborne (East Village), Ontario, L3K1W8
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 95 days.
Discover a RARE OPPORTUNITY with this LEGAL side-by-side DUPLEX. Ideal for homeowners and investors alike, this versatile property offers TWO compelling opportunities: live comfortably in one unit while generating rental income from the other to help offset mortgage costs, OR maximize your investment potential by renting both units at current market rates. Whether you're looking to combine lifestyle with income or build long-term wealth through rental revenue, this duplex delivers the flexibility to make your property work for you. Fully compliant with city safety and occupancy standards, this duplex features above-grade units, SEPARATE HYDRO METERS, and modern finishes including carpet-free flooring and stainless steel appliances. Peace of mind comes standard with ROOF (2018), FURNACE (2021), and AIR CONDITIONER (2021). Situated in a thriving community, this property offers close proximity to local amenities, schools, and transportation-making it highly attractive to tenants and future buyers alike. Add this to your FAVORITES as the perfect blend of comfortable living and built-in rental income-an opportunity to live well while your property helps pay the way. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 21 days on market, against an average age of 95 days across the listings currently for sale in this city
This 3-bed multi-family in Port Colborne (East Village) has been listed for 21 days, which is 74 days fresher than the city average of 95. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,000, about 7.1× the local median household income of $70,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3K)
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Loading rates, 30-yr amortization
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