246 Kent Street Port Colborne, Ontario L3K 3A1

5 Bedroom 2 Bathroom
Radiant Heat

$500,000

Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a ""Legal Duplex,"" offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent month-to-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. (id:47351)

Property Details

MLS® Number X8422908
Property Type Single Family
Parking Space Total 4

Building

Bathroom Total 2
Bedrooms Above Ground 5
Bedrooms Total 5
Amenities Separate Electricity Meters
Basement Development Unfinished
Basement Type Full (unfinished)
Exterior Finish Brick
Foundation Type Block
Heating Type Radiant Heat
Stories Total 3
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 124 Ft
Size Frontage 40 Ft
Size Irregular 40 X 124 Ft
Size Total Text 40 X 124 Ft

Rooms

Level Type Dimensions
Second Level Bedroom 3 m x 2.39 m
Second Level Bedroom 3.23 m x 3.07 m
Second Level Bedroom 3.05 m x 2.92 m
Second Level Kitchen 2.44 m x 1.68 m
Main Level Bedroom 2.74 m x 2.18 m
Main Level Bedroom 2.74 m x 2.74 m
Main Level Kitchen 3.1 m x 1.93 m

https://www.realtor.ca/real-estate/27018856/246-kent-street-port-colborne