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Property at 12 NICKEL STREET image 1
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50

$550,000

12 NICKEL STREET
Port Colborne, Ontario, Ontario, L3K1A9

MLS® Number: X12053122
Listed 81 days ago
5 3

Property description

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!

Building information

Type

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Age

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Appliances

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Basement Development

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Basement Features

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Basement Type

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Exterior Finish

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Foundation Type

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Heating Fuel

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Heating Type

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Size Interior

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Stories Total

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Utility Water

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Land information

Sewer

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Size Depth

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Size Frontage

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Size Irregular

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Size Total

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Rooms

Upper Level

Living room

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Primary Bedroom

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Bedroom

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Bedroom

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Den

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Kitchen

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Bathroom

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Main level

Kitchen

*****

Bedroom

*****

Bedroom

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Living room

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Basement

Bathroom

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Dining room

*****

Kitchen

*****

Living room

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Foyer

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Upper Level

Living room

*****

Primary Bedroom

*****

Bedroom

*****

Bedroom

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Den

*****

Kitchen

*****

Bathroom

*****

Main level

Kitchen

*****

Bedroom

*****

Bedroom

*****

Living room

*****

Basement

Bathroom

*****

Dining room

*****

Kitchen

*****

Living room

*****

Foyer

*****

Upper Level

Living room

*****

Primary Bedroom

*****

Bedroom

*****

Bedroom

*****

Den

*****

Kitchen

*****

Bathroom

*****

Main level

Kitchen

*****

Bedroom

*****

Bedroom

*****

Living room

*****

Basement

Bathroom

*****

Dining room

*****

Kitchen

*****

Living room

*****

Foyer

*****

Upper Level

Living room

*****

Primary Bedroom

*****

Courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE

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