129 Durham Street Port Colborne, Ontario L3K 1E1

2045 sqft
2 Level, Multi-Unit Forced Air


Discover a solid investment opportunity at 129 Durham St, Port Colborne. 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 doors, contemporary kitchens, commercial-grade high-wear flooring, tile, smart thermostats, and revamped bathrooms. Vendor take back (VTB) mortgage negotiable (id:52486)


Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number H4174285
Property Type Multi-family
Equipment Type None
Features Double Width Or More Driveway, Paved Driveway
Parking Space Total 4
Rental Equipment Type None


Appliances Refrigerator, Stove
Architectural Style 2 Level, Multi-unit
Basement Type None
Construction Style Attachment Detached
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Unknown
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Exterior 2045 Sqft
Size Interior 2045 Sqft
Type Triplex
Utility Water Municipal Water


No Garage


Acreage No
Sewer Municipal Sewage System
Size Depth 88 Ft
Size Frontage 31 Ft
Size Irregular 31 X 88
Size Total Text 31 X 88|under 1/2 Acre



Contact us for more information

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Robert Kasowski

(289) 241-9331
(905) 664-2300

RE/MAX Escarpment Realty Inc.
860 Queenston Road Unit 4b
Stoney Creek, Ontario L8G 4A8

(905) 545-1188
(905) 664-2300

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