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Investment signal

$849,900

2592 3 HIGHWAY

Beds

Baths

Sqft

—

Year

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Location

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About this home

Rare opportunity to own a versatile 4-acre property featuring two fully detached homes, ideal for multi-generational living, rental income, or a live/work setup. This unique offering includes a barn, garage, chicken coops, and a blend of open land and mature treed areas providing both usability and privacy. Both homes have seen key updates including new septic system, new windows, and two newer boiler systems, along an updated kitchen, all 3 updated bathrooms and flooring in select areas. The property is serviced by two cisterns, offering practical rural living solutions. A truly one-of-a-kind property with endless potential-properties like this don't come around often. 'Third' floor in room sizing is 2nd home. Some photos have been virtually cleared of tenant belongings and/or staged. (id:65958)

Subtype: Single Family
Structure: House
Community: 873 - Bethel
Common interest: Freehold
Lot dimensions: 142.5 x 693 FT
Bedrooms: 7 above grade
Parking: 17 total
Stories: 2
On market: Apr 13, 2026
Status changed: Apr 13, 2026
Annual tax: $5,153 (2025)
Photos: 46
MLS#: X12990720
Area: PORT_COLBORNE_(BETHEL)

Features and systems

Parking

Detached GarageGarage

Basement

Full

Appliances

All

Heating

Radiant heatNatural gas

Cooling

Window air conditioner

Exterior

BrickVinyl siding

Foundation

Block

Lot

Irregular lot sizeIn-Law Suite

Negative cash flow ~$1,666/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.76%

Cap rate

3.54%

GRM

16.7

Break-even rent

$6,003

Financing

Down payment$169,980

Loan amount$679,920

Mortgage$4,171/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$390

Insurance$80

Maintenance$708

CapEx reserve$354

Vacancy loss$213

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Port Colborne (Bethel). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,171/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.