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INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Hydro Meters for each unit, 1 gas Meter. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today!
3 stoves, 2 fridges, 2dishwasher, washer, dryer
City: Port Colborne
Neighborhood: East Village
Purchase Price | $550000 |
Down Payment | $110000 |
Mortgage Insurance | $0 |
Total Mortgage | $440000 |
Mortgage Payment | $2711 |
Property Taxes | $172 |
Maintenance Fees | $0 |
Monthly Payment | $2883 |
Located at 12 Nickel St , this Port Colborne house is available for sale. This property was listed for $550,000 on Wed Apr 16 2025. This house's size is 1100-1500 Sqft. It has 5 bedrooms and 3 bathrooms. The property includes the following rooms: Foyer, Living, Kitchen, Dining, Bathroom, Living, Br, Br, Kitchen, Living, Bathroom, Kitchen, Den, Br, Br, Primary. This property comes with 4 parking spots. 12 Nickel St, Port Colborne is situated in the East Village neighbourhood.
MLS#: X12053122 · $550,000 · 5 bedroom house in East Village, Port Colborne