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229 MAIN Street W
$799,900 Sale
Listed 7 hours ago
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Key Facts
Key facts for 229 MAIN Street W
Property Type
Other
Parking
Garage: No, 0 parking
MLS #
40772408
Size
2706 sqft
Basement
Full
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Exceptional mixed-use investment opportunity in the heart of Port Colborne’s revitalizing downtown. This solid building offers three one-bedroom residential units and one retail storefront, with a total building area of 2,706 sq. ft. Situated on a 56’ x 179’ lot with ample parking and strong visual ...exposure, the property combines stable income with long-term growth potential. Two of the residential units are currently vacant, presenting immediate upside for an investor to set market rents. The occupied unit is tenanted by a reliable resident, while the commercial space is also leased, providing steady cash flow. Located within Port Colborne’s East Waterfront Community Improvement Project Area (CIP), the property is eligible for municipal incentives that support both building upgrades and redevelopment. These include façade improvement funding, residential rehabilitation grants, and tax increment programs. With Downtown Commercial (CC) zoning, investors have flexibility for mixed-use operations and the potential for further intensification of the site. This property is ideally positioned for investors seeking income stability today and development potential for tomorrow, all within a high-visibility downtown location minutes from the marina, transit, and major highways. (id:10452)
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Listing courtesy of: RE/MAX Escarpment Golfi Realty Inc.
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