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Property at 129 DURHAM STREET image 1
Property at 129 DURHAM STREET image 2
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50

$689,000

129 DURHAM STREET
Port Colborne, Ontario, Ontario, L3K1E1

MLS® Number: X12080125
Listed 33 days ago
6 4

Property description

This exceptional property offers four spacious suites; two in the front building - both equipped with 2 beds + 1 bath.. and two units in the rear - both equipped with 1 bed + 1 bath. With three units vacant at closing, you'll have the opportunity to select your tenants and achieve premium market rents, with a potential yearly income of up to $70,000+ once the vacancies are filled. The tenanted unit rent being collected is $1645.00 monthly. Each suite is equipped with separate hydro and water meters, and sub-meters are installed, leaving only gas expenses for the landlord. Tenants benefit from ample off-street and street parking, as well as convenient on-site laundry facilities.Located in a highly desirable area with affordable property taxes, strong rental demand, and low vacancy rates, 129 Durham St represents a prime investment opportunity. The property sits in the picturesque city of Port Colborne, offering residents easy access to marinas, parks, and the scenic Welland Canal making it a highly attractive location for tenants seeking a balanced, active lifestyle. Recent improvements include a new furnace for units 3 and 4 (2022/2023) + new furnace for units 1 & 2 (2025), along with upgraded windows, roof, soffits, eavestroughs, and gutters. Additional cosmetic enhancements include newly installed interior and exterior doors, as well as modernized kitchens. With excellent insulation and thoughtful upgrades throughout, this property is both efficient and low-maintenance, offering long-term value for savvy investors.

Building information

Type

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Exterior Finish

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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 Total

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Rooms

Main level

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Living room

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Second level

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Kitchen

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Main level

Kitchen

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Kitchen

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Living room

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Living room

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Bedroom

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Second level

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Kitchen

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Living room

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Kitchen

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Main level

Kitchen

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Bedroom

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Kitchen

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Living room

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Bedroom

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Living room

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Bedroom

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Second level

Bedroom

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Bedroom

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Kitchen

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Bedroom

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Living room

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Kitchen

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Main level

Kitchen

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Bedroom

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Kitchen

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Living room

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Bedroom

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Living room

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Bedroom

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Second level

Bedroom

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Bedroom

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Kitchen

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Bedroom

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Courtesy of REVEL Realty Inc., Brokerage

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