About this property

An exceptional opportunity to acquire a 12-unit mixed-use income property at 220-228 West Street in Port Colborne, Ontario.The asset comprises 8 residential suites (4 bachelor, 3 one-bedroom, 1 two-bedroom) and 4 ground-floor commercial units leased to established local tenants. In-place effective gross income (EGI) is approximately $120,217 and in-place net operating income (NOI) is approximately $61,546. On a stabilized basis, residential rents are projected at Canada Mortgage and Housing Corporation (CMHC) blended average rents of $1,100/month for Port Colborne, consistent with published CMHC averages of $1,082 for one-bedroom and $1,118 for two-bedroom units as of October 2025. At these assumptions, the asset supports NOI of approximately $101,663 and a cap rate of 6.78% at the asking price. Total annualized residential rent upside to the CMHC blended average is $40,272, representing a 61.65% gain on current residential rents

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12996316
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	0 sq ft
Lot Size	13,024 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	878 - Sugarloaf
City	Port Colborne
Postal Code	L3K 4E3
Province	ON
Listed Date	April 14, 2026
Days on Market	114
Brokerage	ROYAL LEPAGE SIGNATURE REALTY