This property offers four suites, two in the front structure and two in the back, all currently vacant, allowing you to choose your tenants and secure top-market rent near the 1% rule with a potential NOI of $50,000 upon filling vacant units. Each suite has separate meters for hydro and water, with sub-meters installed, leaving only gas expenses to the landlord. Tenants benefit from ample off-street and street parking options. Shared laundry facilities are available on-premise for added convenience. Located in an area with affordable property taxes, strong rental demand, and low vacancy rates, 129 Durham St provides a practical investment opportunity. The charming city of Port Colborne offers residents easy access to marinas, parks, and the Welland Canal, making it an appealing choice for tenants seeking a well-balanced lifestyle. Capital improvements made in 2022/2023 include a new furnace for units 3 & 4 in the back structure, new windows, roof, soffit, eavestrough, and gutters.
The front structure's roof remains in excellent condition. The property is insulated and features sub-meters for hydro and water. Further cosmetic enhancements in 2022/2023 include new interior and exterior drs, contemporary kitchens..
City: Port Colborne
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jul 10, 2025 | 58 | $1,450 | $1,400 | Leased | X12279294 |
| Jul 10, 2025 | 79 | $1,550 | N/A | New | X12279298 |
| Jul 10, 2025 | 79 | $1,700 | N/A | New | X12279297 |
| Jul 10, 2025 | 79 | $1,300 | N/A | New | X12279296 |
| Jun 28, 2025 | N/A | $619,000 | N/A | N/A | X12251561 |
| May 26, 2025 | 31 | $669,990 | N/A | Terminated | X12173331 |
| Apr 13, 2025 | 40 | $689,000 | N/A | Terminated | X12080125 |
| Mar 22, 2025 | 20 | $710,000 | N/A | Terminated | X12036991 |
| Jul 11, 2023 | 16 | $624,900 | N/A | Terminated | X6656058 |
| Jun 1, 2023 | 40 | $624,900 | N/A | Terminated | X6089472 |
| May 8, 2023 | 24 | $634,900 | N/A | Terminated | X5965600 |
| Apr 17, 2023 | 22 | $649,900 | N/A | Terminated | X6034373 |
| Oct 12, 2022 | 15 | $299,900 | N/A | Terminated | X5792938 |
| Apr 6, 2022 | 23 | $349,900 | $340,000 | Sold | X5568554 |
Sold Comparables homes near Durham St, Port Colborne
Located at 129 Durham St , this Port Colborne house was listed for $599,900. This house's size is 2000-2500 Sqft. It has 6 bedrooms and 3 bathrooms. The property includes the following rooms: Kitchen, Bathroom, Br, Living, Kitchen, Bathroom, Br, Living, Kitchen, Bathroom, Br, Living. This property comes with 4 parking spots.
MLS#: X7001462 · $599,900 · 6 bedroom house in Port Colborne