20 ERIE STREET, Port Colborne (Main Street)20 ERIE STREET, Port Colborne (Main Street) — photo 220 ERIE STREET, Port Colborne (Main Street) — photo 320 ERIE STREET, Port Colborne (Main Street) — photo 420 ERIE STREET, Port Colborne (Main Street) — photo 520 ERIE STREET, Port Colborne (Main Street) — photo 620 ERIE STREET, Port Colborne (Main Street) — photo 720 ERIE STREET, Port Colborne (Main Street) — photo 820 ERIE STREET, Port Colborne (Main Street) — photo 920 ERIE STREET, Port Colborne (Main Street) — photo 1020 ERIE STREET, Port Colborne (Main Street) — photo 1120 ERIE STREET, Port Colborne (Main Street) — photo 1220 ERIE STREET, Port Colborne (Main Street) — photo 1320 ERIE STREET, Port Colborne (Main Street) — photo 1420 ERIE STREET, Port Colborne (Main Street) — photo 1520 ERIE STREET, Port Colborne (Main Street) — photo 1620 ERIE STREET, Port Colborne (Main Street) — photo 17
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Business For Sale · Multifamily

20 ERIE STREET, Port Colborne (Main Street)

20 ERIE STREET, Port Colborne (Main Street), ON L3K4L7

$1.1M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

98%

About this property

Exceptional Investment Opportunity - Rare income - producing property with character and strong upside potential in the heart of Port Colborne. This purpose-built nineplex was thoughtfully converted from a former church in 2010, creating a distinctive building with excellent unit mix and rental flexibility. This multi-unit property delivers nine self - contained residential units and a large paved parking area with 15 spaces, a significant asset in a market where parking is at a premium. Each unit benefits from separate metering and functional layouts, offering investors stable income today and strong potential to increase rents in the future. The location adds to the appeal - just minutes from downtown Port Colborne, local schools, transit options, shops, restaurants, and the scenic waterfront, making the property attractive to a wide range of tenants. Whether you're expanding your portfolio or entering the multi-family market, this well - maintained nineplex combines character, space, and future growth opportunities in one of Niagara's established communities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.10M
Down payment30% · $330K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$52K

Annual cash flow

$-9K

Cash-on-cash

-2.82%

DSCR

0.85

Going-in cap

4.70%

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

130,735

Households

45,920

Median income

$62,000

Median age

37.4

Daytime population

176,193

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 20 ERIE STREET, Port Colborne (Main Street).

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.