224 Mitchell Street
On the market for 45 days — longer than average. The seller may be open to negotiation.
About this home
Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. The offering includes three separate buildings located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., currently generating rental income from existing tenants. 220 Mitchell Street: Two tenants generating $2,500 in combined monthly rental income. 224 Mitchell Street: Currently configured with three renovated and tenanted main floor one-bedroom units plus an undeveloped upstairs area. 59 Louis Street: Two dwelling units with attached garage. One unit currently generating $700 per month and one unit currently vacant. The property also features a detached garage and additional storage shed. Current combined gross monthly rental income from occupied units is $6,850. Major capital improvements across the portfolio include roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades. Conveniently located close to amenities, parks, and the historic Welland Canal corridor. Offered under Power of Sale on an as-is, where-is basis with no representations or warranties from the seller.
Features
- None
- Partial Basement
- 2-Storey
Financials
Estimated Rental Income
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Port Colborne
Based on active listings in Port Colborne. Data updates daily.
Getting around
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MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
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