1/3758 WELLINGTON STREET, Port Colborne (Killaly East)
58 WELLINGTON STREET, Port Colborne (Killaly East), ON L3K2J7
$439,900 total
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Asset Class
Multifamily
Size
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Building class
C
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
97%
About this property
Excellent opportunity for investors, first-time buyers or those looking to live in one unit and have a tenant help with the mortgage. This well-maintained two-unit home in Port Colborne features a spacious main-floor 2-bedroom unit with a 3-piece bath, in-unit laundry, sundeck and access to the backyard. The second-floor 1-bedroom unit offers a kitchen, 4-piece bath and separate living space. Both units feature separate front entrances and dedicated parking. The main floor is currently vacant, providing flexibility for an owner-occupier or new tenant. Great Cashflow potential and an attractive opportunity for homeownership or long-term investment. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$22K
Annual cash flow
$-2K
Cash-on-cash
-1.48%
DSCR
0.92
Going-in cap
5.10%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
91,990
Households
36,143
Median income
$91,500
Median age
42.3
Daytime population
130,132
5-yr growth
8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 58 WELLINGTON STREET, Port Colborne (Killaly East).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.