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Maria Tompson Sales Representative pic sales@bestforagents.com Your Company Name, Brokerage Independently owned and operated. pic 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8 pic Office: 416-548-7854 | Toll Free: 1-866-382-2968 | Fax: 416-981-7184 | Cell: 416-548-7854

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$1,980,000
Available - For Sale
Listing ID: X12640260
Exceptional new-build, side-by-side triplexes with an adjoining wall, offering a rare blend of strong cash flow and modern luxury. This turnkey investment delivers a solid 5.6% cap rate on entry, based on conservative CMHC underwriting, making it an ideal candidate for CMHC MLI Standard financing or alternative affordable-housing entry options with as little as 5% down. Each triplex features generously sized, well-designed units, highlighted by a three-bedroom, two-storey main unit with high-end finishes, contemporary luxury design, and an expansive ~600 sq. ft. primary bedroom, inclusive of a walk-in closet and ensuite bathrooms. The additional two units offer functional, spacious layouts, with one below-grade unit and one side-entry unit, providing excellent rental versatility. All units feature in-suite laundry and AC for a more premium feel. The property offers ample on-site parking, accommodating more than two spaces per unit, with flexibility for larger vehicles or additional storage. The asset is currently operating with Airbnb use, creating added income potential where permitted. Utilities are structured on a practical equal-billing system, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, per property, supporting efficient cost recovery and predictable operating expenses. Turnkey, scalable, and built for performance, this is a rare new-build investment that delivers on both income and quality.
Price $1,980,000
Taxes: $7,578
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 664 King & 24 Charles Street , Port Colborne, L3K 4H8, Niagara
Postal Code: L3K 4H8
Province/State: Niagara
Directions/Cross Streets: King St / Charles St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Building Percentage: F
Total Area: 7,815
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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EXP REALTY

664 King & 24 Charles Street , Port Colborne, L3K 4H8, Niagara

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Port Colborne
Neighbourhood: 877 - Main Street
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Lot Size: x 132.98(Feet)
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Tax: $7,578
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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