229 Main Street W Port Colborne, Ontario L3K 3V7

$599,900

An outstanding mixed-use investment located in the core of Port Colborne's transforming downtown district. This well-maintained property features three one-bedroom residential apartments and a ground-level retail unit, offering 2,706 sq. ft. of total building area. Positioned on a 56' x 179' lot, the site benefits from generous on-site parking and excellent street presence, supporting both residential and commercial appeal. Two of the residential units are currently vacant, creating an immediate opportunity for an investor to secure market rents, while the remaining apartment and the retail space are leased, providing dependable income. Situated within the East Waterfront Community Improvement Project Area, the property may qualify for a range of municipal incentive programs, including façade improvement assistance, residential renovation grants, and tax-based redevelopment incentives. Downtown Commercial (CC) zoning allows for flexible mixed-use use and potential future intensification. With strong visibility, proximity to the marina, transit routes, and major highways, this asset offers a compelling blend of current income and future redevelopment potential. (id:61215)

Property Details

MLS® Number	X12665708
Property Type	Retail
Community Name	877 - Main Street
Amenities Near By	Highway, Recreation
Parking Space Total	15

Building

Bathroom Total	4
Cooling Type	Partially Air Conditioned
Heating Type	Radiant Heat
Size Interior	2,706 Ft2
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Recreation
Sewer	Sanitary Sewer
Size Depth	176 Ft ,2 In
Size Frontage	56 Ft ,5 In
Size Irregular	56.43 X 176.22 Ft
Size Total Text	56.43 X 176.22 Ft
Zoning Description	Cc

https://www.realtor.ca/real-estate/29219504/229-main-street-w-port-colborne-main-street-877-main-street