25 Sugarloaf Street Port Colborne, Ontario L3K 2M9

$1,199,000

25 Sugarloaf Street was built in 1868 with a lot of the character still in tact. This building was once operating as an 8 x one bedroom apartments however in 2019, it was professionally renovated via permits with the City of Port Colborne down to a 6 unit apartment building. It is now made up of 4 x 1 bed/1 bath units & 2 x 3 bed/2 baths. There is a partially finished basement with shared, coin operated laundry. This neighbourhood is the heart of a ton of future projects including: the future location of the City's Waterfront Centre which will have multi-use functions all year round for managing cruise ship guests to the town as well as hosting community events; Rankin is completing their 9 storey, 72 unit condo building around the corner & the Marina District which historically has been industrial/manufacturing - The city is looking to create 5-8 new city blocks in this area that would feature a mix of commercial space on the main levels, upper floor residential space and expanded walking paths, parklands and event space. This area is the place to be. Its walking distance to our downtown core, grocery stores, restaurants, the canal, parks & more. This is a great investment property to add to your portfolio. Financials available upon request. One of the sellers is a RREA. *Note: Interior photos taken prior to tenants occupying units*. One of the 3 bedrooms units will be vacant for May 1st - choose your own tenant! (id:26105)

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https://www.realtor.ca/real-estate/25255749/25-sugarloaf-street-port-colborne