220-228 West Street, Port Colborne, ON L3K 4E3
Port Colborne
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
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 220-228 West Street, Port Colborne, ON L3K 4E3
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MLS# X12996316
Listed by ROYAL LEPAGE SIGNATURE REALTY
On market since Apr 14, 2026
220-228 West Street, Port Colborne, ON L3K 4E3 is listed for $1,499,000 CAD.
220-228 West Street, Port Colborne, ON L3K 4E3 is a Investment.
220-228 West Street, Port Colborne, ON L3K 4E3 is in Port Colborne, Ontario.
220-228 West Street, Port Colborne, ON L3K 4E3 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 220-228 West Street, Port Colborne, ON L3K 4E3 (MLS# X12996316). You can also send a message through the contact form on this site.
