$849,990
Available - For Sale
Listing ID: X13621766
24 Charles Street , Port Colborne, L3K 3R2, Niagara
| The King Charles: A Newly Built Legal Sixplex Investment in Port ColborneCompleted in 2024, 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 and is currently licensed for short-term rental operation, positioning it as a turnkey income asset from day one.Six 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.The sale includes all furniture, the infrastructure already in place: a professional cleaning team, established vendors, and existing bookings. This is not simply a property acquisition, 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. |
| Price | $849,990 |
| Taxes: | $8066.10 |
| Assessment Year: | 2026 |
| Occupancy: | Tenant |
| Address: | 24 Charles Street , Port Colborne, L3K 3R2, Niagara |
| Directions/Cross Streets: | King St & Charles St |
| Rooms: | 13 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Apartment, Separate Ent |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | 20.37 | 13.12 | Open Concept, Vinyl Floor, Above Grade Window | |
| Room 2 | Main | Breakfast | 10.23 | 8.3 | Open Concept, Vinyl Floor, Above Grade Window |
| Room 3 | Main | Kitchen | 20.37 | 29.13 | Open Concept, Eat-in Kitchen, Vinyl Floor |
| Room 4 | Main | Living Ro | 20.11 | 13.12 | Open Concept, Vinyl Floor, Above Grade Window |
| Room 5 | Main | Dining Ro | 12.46 | 8.36 | Open Concept, Combined w/Living, Vinyl Floor |
| Room 6 | Main | Kitchen | 20.11 | 29.13 | Open Concept, Eat-in Kitchen, Vinyl Floor |
| Room 7 | Second | Primary B | 20.01 | 22.53 | 4 Pc Ensuite, Walk-In Closet(s), Balcony |
| Room 8 | Second | Bedroom | 14.14 | 13.12 | Closet, Vinyl Floor, Above Grade Window |
| Room 9 | Second | Bedroom | 12.99 | 11.61 | Closet, Vinyl Floor, Above Grade Window |
| Room 10 | Second | Primary B | 19.98 | 19.68 | 4 Pc Ensuite, Closet, Above Grade Window |
| Room 11 | Second | Bedroom | 12.79 | 11.61 | Closet, Vinyl Floor, Above Grade Window |
| Room 12 | Second | Bedroom | 13.58 | 13.12 | Closet, Vinyl Floor, Balcony |
| Room 13 | Second | Den | 12.79 | 9.81 | Closet, Vinyl Floor, Above Grade Window |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 2 | Main |
| Washroom Type 2 | 4 | Second |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding, Stone |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 6 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Square Footage: | 3500-5000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| RE/MAX REALTY ENTERPRISES INC. |
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|
Farnaz Masoumi
Broker
Dir:
647-923-4343
Bus:
905-695-7888
Fax:
905-695-0900
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Niagara |
| Municipality: | Port Colborne |
| Neighbourhood: | 877 - Main Street |
| Style: | 2-Storey |
| Tax: | $8,066.1 |
| Beds: | 6 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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