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220-228 WEST STREET, Port Colborne (Sugarloaf)
2026-04-14
Quick Summary
- Location
- 220-228 WEST STREET, Port Colborne (Sugarloaf), Ontario L3K4E3
- Price
- $1,499,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Garages:
- 12
MLS®#X12996316
Property Description
An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.65% gain on current residential rents (id:32467)
Property Features
Building
- Cooling Type: None
- Fireplace: No
- Building Type: Multi-Family
- Utility Water: Municipal water
Features
- Feature: Irregular lot size
Land
- Land Size: 13024 ac
Zoning
- Description: DC
Information entered by ROYAL LEPAGE SIGNATURE REALTY
Listing information last updated on: 2026-05-24 23:49:26
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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