224 MITCHELL STREET, Port Colborne, Ontario
$1,100,000
- 11 Beds
- 7 Baths
Exceptional 8-Unit Multi-Property Investment /Seize this rare opportunity to own a high-performing, income-generating portfolio featuring three separate buildings across 220/224 Mitchell St. & 59 Louis St. This package includes two duplexes and one fourplex, for a total of 8 residential units with strong cash flow and future upside.224 Mitchell (Fourplex): Three fully renovated 1-bedroom units and one gutted unit approved for a 5-bedroom rooming house. Currently generating $3,750/month, with substantial income potential upon completion of the 5-bedroom unit.59 Louis (Duplex): One 1-bedroom and one bachelor unit, bringing in $1,100/month, plus added value from an on-site garage and shed.220 Mitchell (Duplex): Two 1-bedroom units, both rented at $1,250/month, totaling $2,500/month. Combined gross monthly income is $7,350, with clear value-add potential. The portfolio includes six fully renovated and tenanted units, one rented but unrenovated unit, and one gutted unit awaiting completion. All three properties have received major upgrades, including newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing. With seven units legally recognized by the City, this is a rare, high-yield investment offering both immediate income and long-term appreciation potential. (id:23309)
- Listing ID: X12339872
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 224 MITCHELL STREET in Port Colborne Ontario. It was last modified on August 12th, 2025. Contact Klaudia Zumer to schedule a viewing or to discover other Port Colborne real estate for sale.