24 Charles Street
Port Colborne, ON
- 3,907 sqft
- Investment
- 223 days on market
This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 6.00% cap rate on entry based on conservative underwriting, the property features three spacious and well-designed units, including a premium three-bedroom, two-storey main suite with high-end finishes, contemporary design, and an impressive ~600 sq. ft. primary bedroom complete with a walk-in closet and ensuite bathrooms. The two additional units-a below-grade suite and a side-entry unit-provide functional layouts and broad rental appeal, with all units equipped with in-suite air conditioning and laundry. The property includes ample on-site parking, accommodating more than two vehicles per unit with additional space for larger vehicles or storage. Utilities are allocated through an equal-billing structure, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, creating predictable operating costs. The asset is currently operated as an Airbnb, offering added income potential where permitted. This triplex is one half of a two-building portfolio, sharing an adjoining wall with a matching triplex next door, allowing investors the opportunity to scale with a complementary asset. Turnkey, modern, and income-producing, this is a rare chance to secure a high-quality new-build investment in a strong rental market.
Listing Details
- Taxes (2025)
- $7,773
- Listed
- January 21, 2026
Price History
Listing history
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Property
- Lot Size
- 66.63 x 60.33 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- King St & Charles St
- Zoning
- L3K3R2
- Parcel Number
- 641470123
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Other
Included
- Inclusions
- 3 Fridges, 3 Stoves
- Exclusions
- All tenant belongings
- Rental Items
- None
Property Insights
AI-generated from listing photos. Not professional advice.
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
Commercial in Port Colborne · last 12 months
- Median sold price
- $493,250
- Homes sold
- 250
- Median days on market
- 40
- Sale-to-list price
- 95.3%
Based on 250 recorded sales of commercial properties in Port Colborne over the last 12 months.
Listed by
EXP REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 3,907 sq ft
- Price per sq ft
- $235.47
- Annual property tax
- $7,773
- Tax per sq ft
- $1.99
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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