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Additional details
$ 599,900
Est. payment /mo
New
229 Main ST W Port Colborne, ON L3K 3V7
4 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Subdivision 877 - Main Street
MLS Listing ID X12665708
Annual Tax Amount $6,829
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
An outstanding mixed-use investment located in the core of Port Colborne's transforming downtown district. This well-maintained property features three one-bedroom residential apartments and a ground-level retail unit, offering 2,706 sq. ft. of total building area. Positioned on a 56' x 179' lot, the site benefits from generous on-site parking and excellent street presence, supporting both residential and commercial appeal. Two of the residential units are currently vacant, creating an immediate opportunity for an investor to secure market rents, while the remaining apartment and the retail space are leased, providing dependable income. Situated within the East Waterfront Community Improvement Project Area, the property may qualify for a range of municipal incentive programs, including façade improvement assistance, residential renovation grants, and tax-based redevelopment incentives. Downtown Commercial (CC) zoning allows for flexible mixed-use use and potential future intensification. With strong visibility, proximity to the marina, transit routes, and major highways, this asset offers a compelling blend of current income and future redevelopment potential.
Location
Province ON
County Niagara
Area Niagara
Interior
Cooling Partial
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Available
Lot Frontage 56.43
Lot Depth 176.22
Others
Security Features No
ParcelsYN No
Listed by REVEL Realty Inc., Brokerage