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246 Kent Street Port Colborne, Ontario L3K 3A1

5 Bedroom 2 Bathroom 2400 sqft
Radiant Heat

$500,000

Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a Legal Duplex, offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent monthto-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. (id:36706)

Property Details

MLS® Number 40603260
Property Type Single Family
Amenities Near By Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features School Bus
Features Conservation/green Belt
Parking Space Total 5
Structure Porch

Building

Bathroom Total 2
Bedrooms Above Ground 5
Bedrooms Total 5
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1918
Construction Style Attachment Detached
Exterior Finish Brick
Foundation Type Block
Heating Type Radiant Heat
Stories Total 3
Size Interior 2400 Sqft
Type House
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 124 Ft
Size Frontage 40 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

Rooms

Level Type Dimensions
Second Level Kitchen 8'0'' x 5'6''
Second Level 4pc Bathroom Measurements not available
Second Level Bedroom 10'0'' x 9'7''
Second Level Bedroom 10'7'' x 10'1''
Second Level Bedroom 9'10'' x 7'10''
Third Level Living Room 25'0'' x 23'0''
Main Level Kitchen 10'2'' x 6'4''
Main Level 4pc Bathroom Measurements not available
Main Level Bedroom 9'0'' x 9'0''
Main Level Bedroom 9'0'' x 7'2''

https://www.realtor.ca/real-estate/27017314/246-kent-street-port-colborne

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