664 KING STREET

Port Colborne (Main Street), , L3K4H8, Canada

$990,000

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.

Last updated on : Thursday 18th of December 2025 07:25:57 PM

ADDRESS

Street : 664 KING STREET

City : Port Colborne (Main Street)

Country : Canada

Postal Code : L3K4H8

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PROPERTY SUMMARY

Property ID : X12641984

Building Type : Multi-Family

Property Type : Multi-family

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