Detached Home for Sale

MLS# H4174285 Price: $599,900

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. Vendor take back (VTB) mortgage negotiable

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What's your Walk Score? 79 Very Walkable

Property Details: 129 Durham Street (near Welland St/Durham St )
Listing# 69151


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 3 Units Type Detached
Price $ 599,900 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


Bedrooms 5 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      83 reviews

Photo of Carolyn Hill

Carolyn Hill
  August 13, 2023

We had the pleasure of working with Lori and Kim in selling our current home and finding our new home. It was all done very quickly and easily with the help of this great team! Response time from them was always immediate. Negations through the entire process were handled extremely well and a lot of hard work was put in by both Lori and Kim. We would highly recommend them to all our friends and family. Thanks to both of you for a job well done! We are so happy!

Photo of Genevieve Turner

Genevieve Turner
  August 06, 2023

We had the pleasure of working with all three Morgan, Lori, and Kim as first time buyers. The team was always available to answer our questions and gave great advice. Thanks to them, we got our dream starter home after looking for only a few weeks. Would highly recommend the team to anyone looking to buy/sell in the area. Thank you Van Dinther team!!

Photo of Lina Uribe

Lina Uribe
  August 01, 2023

Lori is an exceptional realtor who really goes above and beyond. Apart from being charming and a pleasure to deal with, she is very professional and knowledgeable. From day one we felt very well advised. Lori understood exactly what our needs were, the type of change we wanted to make, and guided us through the whole process so that everything ran smoothly. Both in the sale of our house and the purchase of the next one, everything went quickly and perfectly. Morgan was also super kind and diligent. I would definitely recommend Lori and her team. They know Burlington like the back of their hand and they know their craft inside out. Anyone who works with them will be in the best of hands.

Photo of Eduardo Serenato

Eduardo Serenato
  July 08, 2023

We had the pleasure of working with Kimberly during our home-buying journey in Burlington. She's amazing! She knows Burlington like the back of her hand and was able to provide us with invaluable insights throughout the entire process. Her expertise gave us the confidence we needed to make informed decisions. Even though we were in BC during the house-hunting phase, Kimberly went above and beyond to help us. She personally visited properties, filmed videos with commentary and feedback, and sent them to us. It was so helpful and made us feel like we were there in person. Her responsiveness and professionalism were outstanding. Thanks to Kimberly, we were able to buy our home remotely with confidence. We couldn't be happier with our new home, and we owe a huge thanks to Kimberly for making it happen!

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