229 MAIN STREET W, Port Colborne (Main Street), Ontario, L3K3V7

Property Description

An outstanding mixed-use investment located in the core of Port Colborne's transforming downtown district. This well-maintained property features three one-bedroom residential apartments and a ground-level retail unit, offering 2,706 sq. ft. of total building area. Positioned on a 56' x 179' lot, the site benefits from generous on-site parking and excellent street presence, supporting both residential and commercial appeal. Two of the residential units are currently vacant, creating an immediate opportunity for an investor to secure market rents, while the remaining apartment and the retail space are leased, providing dependable income. Situated within the East Waterfront Community Improvement Project Area, the property may qualify for a range of municipal incentive programs, including façade improvement assistance, residential renovation grants, and tax-based redevelopment incentives. Downtown Commercial (CC) zoning allows for flexible mixed-use use and potential future intensification. With strong visibility, proximity to the marina, transit routes, and major highways, this asset offers a compelling blend of current income and future redevelopment potential. (id:64974)

Quick Facts

• Property Type: Residential Commercial Mix
• Bedrooms: None
• Bathrooms: 4
• Living Area: 2,706 sq ft (251.4 m²)
• Parking: 15 spaces
• Frontage: 57 ft (17.2 m)

Costs

• Annual Taxes: $6,829.00

Listing Provided by: REVEL Realty Inc., Brokerage
Board: Niagara Association of REALTORS®
Data provided via CREA DDF®.