229 Main St W

For Sale 20 Days
$774,900 $25K
$749,900
beds
baths
2,706 Sqft

229 Main St W

For Sale 20 Days
$774,900 $25K
$749,900
beds
baths
2,706 Sqft

Highlights

Key insights

Description

Exceptional mixed-use investment opportunity in the heart of Port Colborne’s revitalizing downtown. This solid building offers three one-bedroom residential units and one retail storefront, with a total building area of 2,706 sq. ft. Situated on a 56’ x 179’ lot with ample parking and strong visual exposure, the property combines stable income with long-term growth potential. Two of the residential units are currently vacant, presenting immediate upside for an investor to set market rents. The occupied unit is tenanted by a reliable resident, while the commercial space is also leased, providing steady cash flow. Located within Port Colborne’s East Waterfront Community Improvement Project Area (CIP), the property is eligible for municipal incentives that support both building upgrades and redevelopment. These include façade improvement funding, residential rehabilitation grants, and tax increment programs. With Downtown Commercial (CC) zoning, investors have flexibility for mixed-use operations and the potential for further intensification of the site. This property is ideally positioned for investors seeking income stability today and development potential for tomorrow, all within a high-visibility downtown location minutes from the marina, transit, and major highways. (id:63267)

Rob Golfi of RE/MAX Escarpment Golfi Realty Inc.,
#40772408
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    2
Location
  • Community features
    High traffic area
  • Subdivision
    877 - main street
Overview
  • Lot size (acres)
    0.0
  • Building size
    2706
  • Listing #
    40772408
  • Property sub type
    Other
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28910857/229-main-street-w-port-colborne
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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