220-228 West Street
Port Colborne, ON
- 0.3 sqft
- Investment
- 143 days on market
An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.65% gain on current residential rents
Listing Details
- Taxes (2025)
- $30,009
- Listed
- April 14, 2026
Price History
Listing history
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Property
- Age
- 51-99
- Lot Size
- 91 x 165 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- West Street between Charlotte Street and Clarence Street
- Zoning
- DC
- Parcel Number
- 641630295
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- On-site laundry machines
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
- $492,500
- Homes sold
- 255
- Median days on market
- 40
- Sale-to-list price
- 95.2%
Based on 255 recorded sales of commercial properties in Port Colborne over the last 12 months.
Listed by
ROYAL LEPAGE SIGNATURE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $30,009
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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