$ 485,000
246 KENT STREET Port Colborne (878 - Sugarloaf), ON L3K3A1
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$ 485,000
Est. payment | /mo
5 Beds
2 Baths
1,499 SqFt
$ 485,000
Est. payment | /mo
5 Beds
2 Baths
1,499 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,499 sqft
Price per Sqft $323
Subdivision 878 - Sugarloaf
MLS® Listing ID X9365293
Bedrooms 5
Originating Board Niagara Association of REALTORS®
Property Description
Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a ""Legal Duplex,"" offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent month to-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. RENTS: MAIN FLOOR RENT $769 PLUS HYDRO AND UPPER (2ND AND 3RD FLOOR) $871.25 PLUS HYDRO (id:24570)
Location
Province ON
Rooms
Extra Room 1 Second level 3 m X 2.39 m Bedroom
Extra Room 2 Second level 3.23 m X 3.07 m Bedroom
Extra Room 3 Second level 3.05 m X 2.92 m Bedroom
Extra Room 4 Second level 2.44 m X 1.68 m Kitchen
Extra Room 5 Main level 2.74 m X 2.18 m Bedroom
Extra Room 6 Main level 2.74 m X 2.74 m Bedroom
Interior
Heating Hot water radiator heat
Exterior
Garage Yes
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 2.5
Sewer Sanitary sewer
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE