$1,499,000
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220 228 West Street, Port Colborne (sugarloaf), ON L3K4E3

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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 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40, 272, representing a 61.65% gain on current residential rents (id:58753)

Listing By: WILLIAM KENNETH IRONS - ROYAL LEPAGE SIGNATURE REALTY cncrea2 Realty.com
  • MLS® X12996316
  • Date Listed04/14/2026
  • Days on Realty 53 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 567,325,440 sq. ft
  • Property Type Multi Family
  • Water Public

Interior Features

  • Cooling None
  • Heating Baseboard heaters

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 567,325,440.00
  • Lot Features Irregular lot size

Directions

West Street between Charlotte Street and Clarence Street

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for L3K4E3

Discover key demographics, population statistics, and environmental insights for the Port Colborne (sugarloaf), ON area.

Walkability in ON / L3K4E3

Source: Walk Score

51/100

Somewhat Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

56/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 19/100, Transit Score: 0/100, Bike Score: 42/100.

Points of Interest near 220 228 WEST STREET, Port Colborne (Sugarloaf), ON L3K4E3

Frequently Asked Questions for 220 228 WEST STREET

Source: Realty.com

220 228 WEST STREET, Port Colborne (Sugarloaf), ON L3K4E3 in Port Colborne (Sugarloaf), ON L3K4E3 is a multi family listed at $1,499,000. Realty.ca has 42 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 42 photos of 220 228 WEST STREET.

The full address for this home is 220 228 WEST STREET, Port Colborne (Sugarloaf), ON L3K4E3.

220 228 WEST STREET has been listed on Realty.com since Tue April 14, 2026

Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 19/100, Transit Score: 0/100, Bike Score: 42/100.

Listing provided courtesy of: ROYAL LEPAGE SIGNATURE REALTY
Listing agent: WILLIAM KENNETH IRONS

This content last refreshed on 2026-06-06 07:14:42. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.