246 KENT Street 878 , Port Colborne, Ontario, CA

Address: 246 KENT Street, Port Colborne, Ontario

5 Beds2 Baths2400 sqftStatus: Buy
Price $487,500

Property Overview


Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a Legal Duplex, offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent month-to-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. (id:51532)

 

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Property Summary
Property Type
Multi-family
Building Type
Duplex
Storeys
3
Square Footage
2400 sqft
Subdivision Name
878 - Sugarloaf
Title
Freehold
Land Size
under 1/2 acre
Built in
1918
Parking Type
Detached Garage
Building
Bathrooms
Total
5
Interior Features
Basement Type
Full (Unfinished)
Building Features
Features
Conservation/green belt
Foundation Type
Block
Square Footage
2400 sqft
Structures
Porch
Heating & Cooling
Heating Type
Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Golf Nearby, Hospital, Marina, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Parking
Parking Type
Detached Garage
Total Parking Spaces
4
Land
Other Property Information
Zoning Description
R2
Features
           Conservation/green belt            Detached Garage
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Your Home Finance Calculation

Property Price CA $487,500
Bank Loan Amount CA $0
Monthly Installment CA $0

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