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Investment signal

$499,800

36 NICKEL STREET

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Beds

—

Baths

—

Sqft

2,288

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

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

About this home

Take advantage of this unique mixed-use investment opportunity in Port Colborne. This property features a fully functional laundromat with reliable equipment, 4 residential units, and recent fire inspection for peace of mind. Additionally, this property offers parking for two vehicles and two outdoor storage boxes for tenant storage.Whether you're an investor seeking dual income streams or an owner-operator looking to live on-site and manage the business, this property delivers versatility, location (a quick walk to Nickle Beach), and a vacant 3 bedroom unit, allowing you to set your own rent or move in yourself. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: 876 - East Village
Living area: 2,288 square feet
Lot dimensions: Bldg=69 x 41.25 FT
Parking: 2 total
On market: Jul 30, 2025
Status changed: Apr 26, 2026
Annual tax: $4,718.71
Zoning: NC
Photos: 15
MLS#: X12316262
Area: PORT_COLBORNE_(EAST_VILLAGE)

Features and systems

Appliances

WasherDryer

Heating

Forced airNatural gas

Cooling

None

Negative cash flow ~$585/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-7.02%

Cap rate

3.46%

GRM

16.7

Break-even rent

$3,116

Financing

Down payment$99,960

Loan amount$399,840

Mortgage$2,026/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$417

CapEx reserve$208

Vacancy loss$125

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $2,026/mo at 4.5% with 20% down, 30-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 26, 2026.