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$ 470,000
Est. payment /mo
New
177 Erie ST Port Colborne, ON L3K 4M5
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 877 - Main Street
MLS Listing ID X12163436
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,028
Tax Year 2024
Property Sub-Type Duplex
Property Description
Whether you're a savvy investor or a first-time homebuyer, this fully tenanted duplex presents a versatile and rewarding opportunity. Currently generating reliable income with stable, long-term tenants in place, this property offers immediate cash flow and long-term upside for investors. Alternatively, for first-time buyers, this is your chance to step into homeownership, strategically live in one unit, and rent out the other to help offset your mortgage costs. Each self-contained unit features two bedrooms and private in-suite laundry. The main floor apartment includes exclusive access to the detached garage and the unfinished basement with solid concrete foundation walls perfect for additional storage or future development. The upper-level unit boasts a bright, open-concept layout, complete with a gas fireplace and a covered back porch that adds to its charm and tenant appeal. Both units are pet-free, well-maintained, and occupied by respectful tenants who have called the property home for several years. With tenants on month-to-month leases and each paying their own gas and hydro, utility expenses are minimized, offering more predictability in your operating budget. This is a well-rounded opportunity in a growing community, perfect for building equity while enjoying steady returns. Book your showing today and take the next step in your investment or homeownership journey.
Location
State ON
County Niagara
Community 877 - Main Street
Area Niagara
Rooms
Family Room No
Basement Full
Kitchen 2
Interior
Interior Features Separate Hydro Meter, Primary Bedroom - Main Floor, Separate Heating Controls
Cooling None
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Road Frontage Municipal Road
Lot Frontage 39.5
Lot Depth 134.3
Total Parking Spaces 6
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE