664 King & 24 Charles Street
Port Colborne, ON
- 7,815 sqft
- Investment
- 224 days on market
Exceptional new-build, Sixplex offering a rare blend of strong cash flow and modern luxury. This turnkey investment delivers a solid 6.00% cap rate on entry, based on conservative CMHC underwriting metrics. The asset was built as two triplexes with an adjoining wall, both featuring generously sized, well-designed units, highlighted by a three-bedroom, two-storey main unit with high-end finishes, contemporary luxury design, and an expansive ~600 sq. ft. primary bedroom, inclusive of a walk-in closet and ensuite bathrooms. The additional two units offer functional, spacious layouts, with one below-grade unit and one side-entry unit, providing excellent rental versatility. All units feature in-suite laundry and AC for a more premium feel. The property offers ample on-site parking, accommodating more than two spaces per unit, with flexibility for larger vehicles or additional storage. The asset is currently operating with Airbnb use, creating added income potential where permitted. Utilities are structured on a practical equal-billing system, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, per property, supporting efficient cost recovery and predictable operating expenses. Turnkey, scalable, and built for performance, this is a rare new-build investment that delivers on both income and quality.
Listing Details
- Taxes (2025)
- $7,578
- Listed
- January 21, 2026
Price History
Listing history
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Property
- Lot Size
- 60.7 x 132.98 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- King St / Charles St
- Zoning
- RD
- Parcel Number
- 641470124
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Six Fridges, Six Stoves, Remainder to be confirmed by the vendor
- Exclusions
- All tenant belongings
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
- 252
- Median days on market
- 40
- Sale-to-list price
- 95.3%
Based on 252 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
- 7,815 sq ft
- Price per sq ft
- $235.44
- Annual property tax
- $7,578
- Tax per sq ft
- $0.97
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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