A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 224 MITCHELL St, Port Colborne Ontario L3K 1Y3
3 days on Market

224 MITCHELL St, Port Colborne, Ontario L3K 1Y3

Townhouse
11
7
~3500-5000 sqft
$1,100,000
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Townhouse
11
7
~3500-5000 sqft

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Highlights

Property Estimate

Days on market3 days

Estimated valueNot available

Price/Sqft$267/sqft

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Description

Exceptional 8-Unit Multi-Property Investment /Seize this rare opportunity to own a high-performing, income-generating portfolio featuring three separate buildings across 220/224 Mitchell St. & 59 Louis St. This package includes two duplexes and one fourplex, for a total of 8 residential units with strong cash flow and future upside.224 Mitchell (Fourplex): Three fully renovated 1-bedroom units and one gutted unit approved for a 5-bedroom rooming house. Currently generating $3,750/month, with substantial income potential upon completion of the 5-bedroom unit.59 Louis (Duplex): One 1-bedroom and one bachelor unit, bringing in $1,100/month, plus added value from an on-site garage and shed.220 Mitchell (Duplex): Two 1-bedroom units, both rented at $1,250/month, totaling $2,500/month. Combined gross monthly income is $7,350, with clear value-add potential. The portfolio includes six fully renovated and tenanted units, one rented but unrenovated unit, and one gutted unit awaiting completion. All three properties have received major upgrades, including newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing. With seven units legally recognized by the City, this is a rare, high-yield investment offering both immediate income and long-term appreciation potential.


Property Details

Style2-Storey
View-
Age of property51-99
SqFt~3500-5000 SqFt
Lot Size5,425 SqFt(90 x 60.28)
Parking Spaces4
MLS ®NumberX12339872
Community NameThree Bridges
Data SourceTRREB
Listing byLUXE HOME TOWN REALTY INC.

Features

Heating: Water

Features

Lot size: 5,425 SqFt

Parking

Garage spaces 2

Garage type None

Other parking spaces 2

Total parking spaces 4


Property listed by LUXE HOME TOWN REALTY INC., Brokerage
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Market Data - Three Bridges

Geo Zone Map ThumbnailThree Bridges

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

41 days

Compared to

2024

0 day

2023

0 day

New Listings

Past 30 days

3 listings

Compared to

2024

0 listing

2023

1 listing

Units sold

Past 30 days

1 unit

Compared to

2024

0 unit

2023

0 unit

Median Sold Price

Past 30 days

$781,500

Compared to


Population and Demographics

Overview

Total population 4994
Average household income $86,402

Age (%)

0 to 19
19%
20 to 34
18%
35 to 49
17%
50 to 64
24%
65 and plus
23%

Household composition (%)

Single family
55%
Single person
40%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
89%
French
5%
Others
3%
Italian
2%

House tenancy (%)

Owners
60%
Renters
40%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget