24 CHARLES STREET, Port Colborne (Main Street), Ontario L3K3R2

24 CHARLES STREET
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This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 5.6% cap rate on entry based on conservative underwriting, the property features three spacious and well-designed units, including a premium three-bedroom, two-storey main suite with high-end finishes, contemporary design, and an impressive ~600 sq. ft. primary bedroom complete with a walk-in closet and ensuite bathrooms. The two additional units-a below-grade suite and a side-entry unit-provide functional layouts and broad rental appeal, with all units equipped with in-suite air conditioning and laundry. The property includes ample on-site parking, accommodating more than two vehicles per unit with additional space for larger vehicles or storage. Utilities are allocated through an equal-billing structure, with the main unit responsible for 50%, the side unit 30%, and the basement unit 20%, creating predictable operating costs. The asset is currently operated as an Airbnb, offering added income potential where permitted. This triplex is one half of a two-building portfolio, sharing an adjoining wall with a matching triplex next door, allowing investors the opportunity to scale with a complementary asset. Turnkey, modern, and income-producing, this is a rare chance to secure a high-quality new-build investment in a strong rental market.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

CoolingFully air conditioned
HeatingForced air, Natural gas
Living Area3907 sqft

Land & Location

City Region877 - Main Street
Frontage Length66.7 feet
Lot Size Dimensions66.63 x 60.33 FT

Listing & Financials

Listing OfficeEXP REALTY
Originating System NameToronto Regional Real Estate Board

Other Specifications

CountryCanada

For Sale

$990,000

24 CHARLES STREET, Port Colborne (Main Street), Ontario L3K3R2

Beds

-

Baths

-

Living Area

3,907 sqft

Lot Size

-

Property Type

Multi-Family

Year Built

-

Listing IDX12641986

Location & Map

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