229 Main ST W Active

Port Colborne,ON L3K 3V7

$ 749900

- Bed

4 Baths

2706 SqFt


Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,706 sqft

Price per Sqft $277

Subdivision 877 - Main Street

MLS Listing ID X12426086

Annual Tax Amount $6,829

Tax Year 2024

Property Sub-Type Store W Apt/Office

Property 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.

Location

State ON

County Niagara

Community 877 - Main Street

Area Niagara

Zoning CC

Interior

Cooling Partial

Inclusions 3x Fridge, 3x Stove

Exterior

Community Features Major Highway,Recreation/Community Centre

Utilities Available Available

Lot Frontage 56.43

Lot Depth 176.22

Others

Security Features No

ParcelsYN No

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