24 Charles Street
Port Colborne, ON
- 6 bed
- 6 bath
- approx. 3500-5000 sqft
- Triplex
The King Charles: A Newly Built Legal Triplex Investment in Port ColborneCompleted in 2024, The King Charles is a legal, side-by-side triplex spanning more than 4,300 sq ft in the heart of downtown Port Colborne. The property generates over $200,000 in gross annual revenue and is currently licensed for short-term rental operation, positioning it as a turnkey income asset from day one.Six self-contained units, each with a private entrance, offer flexibility for investors, multi-generational households, or owner-occupiers seeking rental income from the remaining suites. The short-term rental license offers an alternative to long-term tenancy arrangements and the regulatory considerations that can accompany them.The business operates across three seasons. Peak season runs June through September, with May and October as shoulder months. In the low season, November through April, the strategy shifts from tourism toward furnished monthly rentals and room-by-room worker accommodation, sustaining gross revenue of approximately $14,000 per month across all six units.The sale includes all furniture, the infrastructure already in place: a professional cleaning team, established vendors, and existing bookings. This is not simply a property acquisition, but the purchase of a turnkey operating business with cash flow from day one.Built to current code, the property is designed for durability and minimal ongoing maintenance. It sits within walking distance of downtown Port Colborne's shops, restaurants, parks, and schools, with Nickel Beach and Sugarloaf Marina a short drive away, in one of Niagara's most sought-after and fastest-growing communities.For investors seeking a newly built, income-generating multi-unit property, or owner-occupiers interested in living on-site while renting the balance of the building, The King Charles represents a rare opportunity for cash flow from day one.
Listing Details
- Taxes (2026)
- $8,066
- Originally Listed
- $849,990
- Listed
- July 30, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Vinyl Siding, Stone
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Other
- Lot Size
- 66.63 x 60.33 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- King St & Charles St
- Zoning
- L3K3R2
- Parcel Number
- 641470123
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- Fridge, Stove, Dishwasher, Washer, Dryer, All Existing Light Fixtures, Wood Sheds, All Existing Furnitures.
- Exclusions
- NA
- Rental Items
- NA
Schools
Elementary
- McKay Public School0.6 km
Public · DSB Niagara · 570 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 61% met the provincial standard
- DeWitt Carter Public School0.9 km
Public · DSB Niagara · 280 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 81% met the provincial standard
- St John Bosco Catholic Elementary School0.9 km
Catholic · Niagara CDSB · 230 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 35% met the provincial standard
Secondary
- Lakeshore Catholic High School0.7 km
Catholic · Niagara CDSB · 680 students
Grade 10 literacy: 87% met the provincial standard
- Port Colborne High School0.9 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.
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
- $486,750
- Homes sold
- 256
- Median days on market
- 38
- Sale-to-list price
- 95.1%
Based on 256 recorded sales of residential freehold properties in Port Colborne over the last 12 months.
Rooms
2 × 2-piece on Main, 3 × 4-piece on Second, 3-piece on Lower
Second
- Bedroom14'2" x 13'1"
- Bedroom13'7" x 13'1"
- Bedroom13' x 11'7"
- Bedroom12'10" x 11'7"
- Den12'10" x 9'10"
- Primary Bedroom20' x 22'6"
- Primary Bedroom20' x 19'8"
Main
- Breakfast10'3" x 8'4"
- Dining Room12'6" x 8'4"
- Kitchen
- Kitchen
- Living Room20'1" x 13'1"
Listed by
RE/MAX REALTY ENTERPRISES INC.
Walk Score
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Location
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Mortgage Calculator
$159,970
Estimated Monthly Payment
$3,929
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
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Mortgage: $3,929/mo (20% down, 5.5%)
Taxes: $672/mo · Insurance: $200/mo
Estimates only. Consult a financial advisor.
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