For Sale: 664 King Street, Port Colborne, ON - REW
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$899,500
0 bd • ba • 3907 sf • Multifamily
664 King Street
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$899,500
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664 King StreetPort Colborne, ON, L3K 4H8

  • 0 Bed
  • Bath
  • 3907 Sqft
  • Multifamily

About this home

This newly built triplex presents an outstanding investment opportunity with strong cash flow, a favourable unit mix, and turnkey construction quality. Offering a 6.00% 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. (id:63626)
Listed by: ANDREW ODOARDI, Salesperson, EXP REALTY

Home facts and features

Price details
List Price
$899,500
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Gross Taxes for 2026
$7,578
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
66.63 feet
Frontage
60.8 feet
Heating Type
Forced air, Natural gas
Cooling
Fully air conditioned
Agent details
Primary Agent
ANDREW ODOARDI
Primary Broker
EXP REALTY
Secondary Agent
Secondary Broker
EXP REALTY OF CANADA, INC.
Listing details
Days on REW
104 Days
Property Views
37
MLS® Number
X12820112
Source
Canadian Real Estate Association
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Property Insights

Lakeshore Catholic High School
  • Catholic
  • 9 - 12
McKay Public School
  • Public
  • JK - 8
DeWitt Carter Public School
  • Public
  • JK - 8
St John Bosco Catholic Elementary School
  • Catholic
  • JK - 8
Port Colborne High School
  • Public
  • 9 - 12
Steele Street Public School
  • Public
  • JK - 8
ÉÉC Saint-Joseph
  • Catholic
  • JK - 8
Oakwood Public School
  • Public
  • JK - 8
St Patrick Catholic Elementary School
  • Catholic
  • JK - 8
St Therese Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
ANDREW ODOARDI
Phone:
(866) 530-7737
Office:
866-530-7737
Salesperson
Sestino Kazimierz Christian Vinelli
Phone:
(866) 530-7737
Office:
(866) 530-7737
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