$1,499,000
220-228 WEST STREET
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Location
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Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
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 6.788% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.6% gain on current residential rents (id:65958)
- Subtype
- Retail
- Community
- 878 - Sugarloaf
- Living area
- 0
- Lot size
- 13,024 acres
- Lot dimensions
- 13024
- Parking
- 12 total
- On market
- Apr 14, 2026
- Status changed
- Apr 15, 2026
- Annual tax
- $30,009
- Zoning
- DC
- Photos
- 42
- MLS#
- X12996310
- Area
- PORT_COLBORNE_(SUGARLOAF)
Features and systems
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Lot
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Port Colborne (Sugarloaf). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.