12 Nickel Street, Port Colborne, ON Image 1

$550,000

Triplex For Sale
MLS - #X12053122
Jun 5- By RE/MAX NIAGARA REALTY LTD, BROKERAGE

12 Nickel Street, Port Colborne, ON L3K 1A9

5 Bed
3 Bath
1100-1500 Sqft.
None Garage

Property Description

Property type

Triplex

Lot size

N/A

Style

2-Storey

Approx. Area

1100-1500 Sqft

Room Information

Room TypeDimension (length x width)FeaturesLevel
Foyer2.08 x 3.32309 mN/ABasement
Living Room3.24 x 4.9 mN/ABasement
Kitchen3.02 x 3.09 mN/ABasement
Dining Room3.02 x 1.43 mN/ABasement

About 12 Nickel Street

INCREDIBLE INVESTMENT OPPORTUNITY! This updated triplex is the perfect cash-flow property to add to your portfolio. Once fully tenanted, it will generate over $50,000 in annual rental income! With projected rents of $1,800 for the main unit, $1,700 for the upper unit, and $1,000 for the lower unit, the total rental income reaches $54,000 per year. At $550,000 with operating expenses of just $10,000 per year, this triplex boasts an impressive 8.00% CAP rate - a fantastic opportunity for investors seeking strong returns! Three Separate Units - Upper Unit (Rented): Spacious 3-bedroom + den, full kitchen, 4-piece bathroom, living room, and private balcony. Main Floor Unit: Bright 2-bedroom layout, full kitchen, living room, and 4-piece bathroom. Lower Unit: Open-concept studio with a full kitchen, living area, and dining space. Separate Entrances & Hydro Meters for each unit, 1 gas Meter. Shared Laundry for tenant convenience. Double-Wide Driveway providing ample parking. Whether you're an investor looking for solid cash flow or an owner-occupant seeking mortgage assistance, this high-potential property is a must-see. Don't miss out schedule a viewing today!

Home Overview

Last updated

Jun 5

Virtual tour

None

Basement information

Finished, Separate Entrance

Building size

--

Status

In-Active

Property sub type

Triplex

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:Finished, Separate Entrance
Cooling:None
Heating:Radiant
Parking Features:Private Double
0
Similar Homes Found
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Average Price
55000000.0%
Higher than average

Price Comparison

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Location

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Walk Score for 12 Nickel Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Some information about this property - Nickel Street

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