5 Bedroom
2 Bathroom
1,500 - 2,000 ft2
Hot Water Radiator Heat
Landscaped
$485,000
Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a ""Legal Duplex,"" offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent month to-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. RENTS: MAIN FLOOR RENT $769 PLUS HYDRO AND UPPER (2ND AND 3RD FLOOR) $871.25 PLUS HYDRO (id:56069)
Property Details
|
MLS® Number
|
X9365293 |
|
Property Type
|
Single Family |
|
Community Name
|
878 - Sugarloaf |
|
Amenities Near By
|
Marina, Hospital, Park, Place Of Worship |
|
Equipment Type
|
Water Heater |
|
Features
|
Level Lot, Flat Site, Lighting |
|
Parking Space Total
|
4 |
|
Rental Equipment Type
|
Water Heater |
|
Structure
|
Porch |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Total
|
5 |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Heater, Water Meter |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Hot Water Radiator Heat |
|
Stories Total
|
3 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Marina, Hospital, Park, Place Of Worship |
|
Landscape Features
|
Landscaped |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
124 Ft |
|
Size Frontage
|
40 Ft |
|
Size Irregular
|
40 X 124 Ft |
|
Size Total Text
|
40 X 124 Ft|under 1/2 Acre |
|
Zoning Description
|
R2 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Bedroom |
3 m |
2.39 m |
3 m x 2.39 m |
|
Second Level |
Bedroom |
3.23 m |
3.07 m |
3.23 m x 3.07 m |
|
Second Level |
Bedroom |
3.05 m |
2.92 m |
3.05 m x 2.92 m |
|
Second Level |
Kitchen |
2.44 m |
1.68 m |
2.44 m x 1.68 m |
|
Main Level |
Bedroom |
2.74 m |
2.18 m |
2.74 m x 2.18 m |
|
Main Level |
Bedroom |
2.74 m |
2.74 m |
2.74 m x 2.74 m |
|
Main Level |
Kitchen |
3.1 m |
1.93 m |
3.1 m x 1.93 m |
Utilities
|
Cable
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/27658431/246-kent-street-port-colborne-878-sugarloaf-878-sugarloaf
