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$849,990
Available - For Sale
Listing ID: X13621770
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.
Price $849,990
Taxes: $7,863.89
Occupancy by: Tenant
Address: 664 King Street , Port Colborne, L3K 4H8, Niagara
Directions/Cross Streets: King St & Charles St
Rooms: 13
Bedrooms: 6
Bedrooms +: 0
Washrooms: 6
Family Room: T
Basement: Apartment
Separate Ent
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Family Ro 20.37 13.12 Open Concept, Vinyl Floor, Above Grade Window
Room 2: Main Breakfast 10.23 8.30 Open Concept, Vinyl Floor, Above Grade Window
Room 3: Main Kitchen 20.37 29.13 Open Concept, Eat-in Kitchen, Vinyl Floor
Room 4: Main Living Ro 20.11 13.12 Open Concept, Vinyl Floor, Above Grade Window
Room 5: Main Dining Ro 10.10 8.36 Open Concept, Combined w/Living, Vinyl Floor
Room 6: Main Kitchen 20.11 29.13 Open Concept, Eat-in Kitchen, Vinyl Floor
Room 7: Second Bedroom 14.14 13.12 Closet, Vinyl Floor, Above Grade Window
Room 8: Second Bedroom 20.01 22.53 4 Pc Ensuite, Walk-In Closet(s), Balcony
Room 9: Second Bedroom 12.99 11.61 Closet, Vinyl Floor, Above Grade Window
Room 10: Second Primary B 19.98 22.86 4 Pc Ensuite, Closet, Above Grade Window
Room 11: Second Bedroom 12.79 11.61 Closet, Vinyl Floor, Above Grade Window
Room 12: Second Bedroom 13.58 13.12 Closet, Vinyl Floor, Balcony
Room 13: Second Den 12.79 9.81 Closet, Vinyl Floor, Above Grade Window
No. of Pieces Level
Washroom 1:  2 Main
Washroom 2:  4 Second
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  2 Main
Washroom 7:  4 Second
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  2 Main
Washroom 12:  4 Second
Washroom 13:  3 Lower
Washroom 14:  0
Washroom 15:  0
Washroom 16:  2 Main
Washroom 17:  4 Second
Washroom 18:  3 Lower
Washroom 19:  0
Washroom 20:  0
Property Type: Triplex
Style: 2-Storey
Exterior: Stone
Vinyl Siding
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 6
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 3500-5000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RE/MAX REALTY ENTERPRISES INC.

664 King Street , Port Colborne, L3K 4H8, Niagara

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Freehold - Triplex
Area: Niagara
Municipality: Port Colborne
Neighbourhood: 877 - Main Street
Style: 2-Storey
Lot Size: x 66.63(Feet)
Approximate Age:
Tax: $7,863.89
Maintenance Fee: $0
Beds: 6
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949