Salehian.com 647-325-5000

24 Charles Street

877 - Main Street, Port Colborne, L3K 3R2

$799,850

Reduced $50,140 from $849,990

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  • 6 bedrooms
  • 6 bathrooms
  • 6 parking
  • 3500-5000 sq ft

Listed 82 days ago · MLS® X13621766

About this home

**7.82% CAP RATE!!**The King Charles: A Newly Built Legal Triplex in Port Colborne Completed in 2024. Buy One or Buy Both. 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 (across 6 units) and is currently licensed for short-term rental operation, positioning it as a turnkey income asset from day one. Three 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 (both triplexes).The sale includes all furniture, the infrastructure already in place: a professional cleaning team, established vendors, and existing bookings. This is not just a property, 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. Properties: 664 King & 24 Charles.

Details

Type
Triplex
Style
2-Storey
Size
3500-5000 sq ft
Lot
66.63 × 60.33 ft
Basement
Apartment, Separate Entrance, Full, Finished
Garage
None
Kitchens
3
Property tax
$8,066 (2026)
Neighbourhood
877 - Main Street
Municipality
Port Colborne

Interior

Bedrooms
6 above ground
Bathrooms
2 × 2-piece (main), 3 × 4-piece (second), 1 × 3-piece (lower)
Rooms
13 above ground
Family room or den
Yes
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Vinyl Siding, Stone
Roof
Asphalt Shingle
Foundation
Poured Concrete
Faces
West

Parking

Total parking
6
Driveway and parking
Private

Lot

Size
66.63 × 60.33 ft

More

Possession
Immediate
Cross street
King St & Charles St

Rooms

RoomLevelSizeFeatures
BreakfastMain3.12 × 2.53 m (10'3" × 8'4")Open Concept, Vinyl Floor, Above Grade Window
KitchenMain6.21 × 8.88 m (20'4" × 29'2")Open Concept, Eat-in Kitchen, Vinyl Floor
Living RoomMain6.13 × 4 m (20'1" × 13'1")Open Concept, Vinyl Floor, Above Grade Window
Dining RoomMain3.8 × 2.55 m (12'6" × 8'4")Open Concept, Combined w/Living, Vinyl Floor
KitchenMain6.13 × 8.88 m (20'1" × 29'2")Open Concept, Eat-in Kitchen, Vinyl Floor
Primary BedroomSecond6.1 × 6.87 m (20' × 22'6")4 Pc Ensuite, Walk-In Closet(s), Balcony
BedroomSecond4.31 × 4 m (14'2" × 13'1")Closet, Vinyl Floor, Above Grade Window
BedroomSecond3.96 × 3.54 m (13' × 11'7")Closet, Vinyl Floor, Above Grade Window
Primary BedroomSecond6.09 × 6 m (20' × 19'8")4 Pc Ensuite, Closet, Above Grade Window
BedroomSecond3.9 × 3.54 m (12'10" × 11'7")Closet, Vinyl Floor, Above Grade Window
BedroomSecond4.14 × 4 m (13'7" × 13'1")Closet, Vinyl Floor, Balcony
DenSecond3.9 × 2.99 m (12'10" × 9'10")Closet, Vinyl Floor, Above Grade Window

Listed by RE/MAX REALTY ENTERPRISES INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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