220-228 WEST STREET

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: class="container" id="details-container",499,000
• Lot size: 13024
• Parking: 12
• Listing key: 29601980

Listing overview

An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately class="container" id="details-container"20,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of class="container" id="details-container",100/month for Port Colborne, consistent with published CMHC averages of class="container" id="details-container",082 for one-bedroom and class="container" id="details-container",118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately class="container" id="details-container"01,663 and a cap rate of 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing...