292 FARES Street
Port Colborne, Ontario
3 bed • 2 bath • Multi-family
Discover a RARE OPPORTUNITY with this LEGAL side-by-side DUPLEX. Ideal for homeowners seeking both lifestyle and income potential. This property offers the flexibility to live comfortably in one unit while generating rental income from the other, creating a smart pathway toward offsetting mortgage costs or building long-term wealth. Fully compliant with city safety and occupancy standards, this duplex features above-grade units, SEPARATE HYDRO METERS, and modern finishes including carpet-free flooring and stainless steel appliances. Peace of mind comes standard with ROOF (2018), FURNACE (2021), and AIR CONDITIONER (2021). Situated in a thriving community, this property offers close proximity to local amenities, schools, and transportation—making it highly attractive to tenants and future buyers alike. Add this to your FAVORITES as the perfect blend of comfortable living and built-in rental income—an opportunity to live well while your property helps pay the way.
Price History
Schools
Elementary
- DeWitt Carter Public School0.4 km
Public · DSB Niagara · 280 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 81% met the provincial standard
- McKay Public School1.1 km
Public · DSB Niagara · 570 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 61% met the provincial standard
- ÉÉC Saint-Joseph1.1 km
French Catholic · CS catholique MonAvenir · 115 students
Grade 3 reading: 90% met the provincial standard
Secondary
- Port Colborne High School1.1 km
Public · DSB Niagara · 420 students
Grade 10 literacy: 95% met the provincial standard
- Lakeshore Catholic High School1.1 km
Catholic · Niagara CDSB · 680 students
Grade 10 literacy: 87% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3K
- Population
- 19,458
- Private dwellings
- 9,086
- Median age
- 50.8
- Average household size
- 2.2
- Median household income
- $70,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Port Colborne · last 12 months
- Median sold price
- $500,000
- Homes sold
- 247
- Median days on market
- 39
- Sale-to-list price
- 95.3%
Based on 247 recorded sales of multi-family properties in Port Colborne over the last 12 months.
Location
Mortgage Calculator
$105,000
Estimated Monthly Payment
$2,579
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,579/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $131/mo
Estimates only. Consult a financial advisor.
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