224 Mitchell Street
Port Colborne, ON
- 11 bed
- 7 bath
- approx. 5000 + sqft
- Multiplex
- 178 days on market
Excellent opportunity to acquire a multi-property residential investment portfolio in the growing community of Port Colborne. The offering includes three separate buildings located at 220 Mitchell St., 224 Mitchell St., and 59 Louis St., currently generating rental income from existing tenants. 220 Mitchell Street: Two tenants generating $2,500 in combined monthly rental income. 224 Mitchell Street: Currently configured with three renovated and tenanted main floor one-bedroom units plus an unfinished upstairs area. 59 Louis Street: Two dwelling units with attached garage. One unit currently generating $700 per month and one unit currently vacant. The property also features a detached garage and additional storage shed. Current combined gross monthly rental income from occupied units is $6,850. Major capital improvements across the portfolio include roof replacements (2015), updated windows, exterior siding, soffits, eavestroughs, and plumbing upgrades. Conveniently located close to amenities, parks, and the historic Welland Canal corridor.
Listing Details
- Taxes (2025)
- $5,499
- Originally Listed
- $699,000
- Listed
- March 16, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Vinyl Siding
- Roof
- Shingles
- Foundation
- Concrete Block
- Interior
- None
- Lot Size
- 60.28 x 90 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Louis St & Mitchell St
- Zoning
- R3
- Parcel Number
- 641640147
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- N/A
- Rental Items
- Hot Water Tank
Schools
Elementary
- DeWitt Carter Public School0.6 km
Public · DSB Niagara · 280 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 81% met the provincial standard
- ÉÉC Saint-Joseph1.1 km
French Catholic · CS catholique MonAvenir · 115 students
Grade 3 reading: 90% met the provincial standard
- McKay Public School1.3 km
Public · DSB Niagara · 570 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 61% met the provincial standard
Secondary
- Lakeshore Catholic High School1.2 km
Catholic · Niagara CDSB · 680 students
Grade 10 literacy: 87% met the provincial standard
- Port Colborne High School1.3 km
Public · DSB Niagara · 420 students
Grade 10 literacy: 95% 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.
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
Residential Freehold in Port Colborne · last 12 months
- Median sold price
- $490,000
- Homes sold
- 254
- Median days on market
- 39
- Sale-to-list price
- 95.2%
Based on 254 recorded sales of residential freehold properties in Port Colborne over the last 12 months.
Listed by
RE/MAX NIAGARA REALTY LTD, BROKERAGE
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Location
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Mortgage Calculator
$132,980
Estimated Monthly Payment
$3,266
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,266/mo (20% down, 5.5%)
Taxes: $458/mo · Insurance: $166/mo
Estimates only. Consult a financial advisor.
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