Detached Home for Sale

MLS# H4162959 Price: $634,900

Property Description

Discover a solid investment opportunity at 129 Durham St, Port Colborne. This property offers four suites, two in the front structure and two in the back, all currently vacant, allowing you to choose your tenants and secure top-market rent near the 1% rule with a potential NOI of $50,000 upon filling vacant units. Each suite has separate meters for hydro and water, with sub-meters installed, leaving only gas expenses to the landlord. Tenants benefit from ample off-street and street parking options. Shared laundry facilities are available on-premise for added convenience. Located in an area with affordable property taxes, strong rental demand, and low vacancy rates, 129 Durham St provides a practical investment opportunity. The charming city of Port Colborne offers residents easy access to marinas, parks, and the Welland Canal, making it an appealing choice for tenants seeking a well-balanced lifestyle. Capital improvements made in 2022/2023 include a new furnace for units 3 & 4 in the back structure, new windows, roof, soffit, eavestrough, and gutters. The front structure's roof remains in excellent condition. The property is insulated and features sub-meters for hydro and water. Further cosmetic enhancements in 2022/2023 include new interior and exterior doors, contemporary kitchens, commercial-grade high-wear flooring, tile, smart thermostats, and revamped bathrooms.

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What's your Walk Score? 71 Very Walkable

Property Details: 129 Durham Street (near Welland St/Durham St )
Listing# 63999


Address 129 Durham Street
City Port Colborne
Cross Streets Welland St/Durham St
District Port Colborne / Wainfleet (8)
Neighbourhood Durham St (877)
Listing Agent Robert Kasowski


Sub Type Freehold Type Detached
Price $ 634,900 Lease Rate Per For Sale
Style 2 Storey Approx. Age 51-99 Years
Location Port Colborne Construction Vinyl Siding
Heating Forced Air Square Footage 2045


Rooms 13 Bedrooms 6
Full Bathrooms 4 Half Bathrooms 0
Garage None

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Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.

Google Rating

5      77 reviews

Photo of Precious Eyesan

Precious Eyesan
  May 12, 2023

We enjoyed our house buying experience with Kimberley. She was very knowledgeable and professional, at the same time friendly, patient, full of humor and made us feel well taken care of. We would absolutely work with her again.

Photo of kathie decoste

kathie decoste
  May 10, 2023

Kimberly was super. Great communication and follow up. Would recommend her to everyone.

Photo of Barb Skanes

Barb Skanes
  April 26, 2023

Lori and her team came highly recommended and after listing and selling our aging parents home, I can understand why. When we met with Lori, she was friendly, approachable and professional. She had an excellent handle on the market and area. What complicated the sale for us is, we don't live in the area. Lori made sure the final details before listing were looked after. She brought in cleaners to give the house a thorough cleaning and freshening up. Lori and her team, Morgan and Laurie, kept us informed every step of the way. They were in constant communication making sure we knew what was happening. It was a very quick sale and couldn't be happier with the results. After our interactions with the team, we would also highly recommend them.

Photo of Craig McL

Craig McL
  April 22, 2023

Lori and Kim have helped us on numerous real estate transactions and we have always been thrilled with their level of service and professionalism. Selling or buying, we highly recommend the VanDinther team.

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