36 NICKEL STREET, Port Colborne (East Village)36 NICKEL STREET, Port Colborne (East Village) — photo 236 NICKEL STREET, Port Colborne (East Village) — photo 336 NICKEL STREET, Port Colborne (East Village) — photo 436 NICKEL STREET, Port Colborne (East Village) — photo 536 NICKEL STREET, Port Colborne (East Village) — photo 636 NICKEL STREET, Port Colborne (East Village) — photo 736 NICKEL STREET, Port Colborne (East Village) — photo 836 NICKEL STREET, Port Colborne (East Village) — photo 936 NICKEL STREET, Port Colborne (East Village) — photo 1036 NICKEL STREET, Port Colborne (East Village) — photo 1136 NICKEL STREET, Port Colborne (East Village) — photo 1236 NICKEL STREET, Port Colborne (East Village) — photo 1336 NICKEL STREET, Port Colborne (East Village) — photo 14
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Business For Sale · Multifamily

36 NICKEL STREET, Port Colborne (East Village)

36 NICKEL STREET, Port Colborne (East Village), ON L3K1B2

$479,500 total

2,288 SF

Asset Class

Multifamily

Size

2,288 SF

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

$210

Occupancy

95%

About this property

An excellent investment opportunity in the growing waterfront community of Port Colborne. This mixed-use property features four fully rented residential apartments plus approximately 600 sq. ft. of commercial space on the main floor, providing multiple income streams and strong investment potential. The commercial unit offers flexibility for investors or owner-operators, with the possibility of including chattels to operate a laundromat, creating an additional revenue opportunity.Located in an established neighbourhood undergoing revitalization, the property is within walking distance of Nickel Beach, downtown Port Colborne, local restaurants, shops, and waterfront attractions. Residents can also enjoy the unique sight of ships passing through the Welland Canal.With all four residential units currently tenanted, this property offers immediate rental income while presenting future potential to optimize the commercial space. A versatile addition to any investment portfolio in one of Niagara's evolving waterfront communities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$480K
Down payment30% · $144K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$-5K

Cash-on-cash

-3.45%

DSCR

0.81

Going-in cap

4.51%

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.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP2,167 SF2029-04

Area demographics

Trade area within 3 miles of the property.

Population

76,522

Households

33,973

Median income

$76,000

Median age

42.4

Daytime population

71,754

5-yr growth

2.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 36 NICKEL STREET, Port Colborne (East Village).

NDA required

  • 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.