160 Fares Street, Port Colborne, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey duplex located in the coveted neighborhood of 876 - East Village. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $369,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 52.28 x 140.4 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Hydro Meter, Separate Heating Controls
- Efficient baseboard heating via gas
Description
Located just minutes from Nickel Beach, this legal duplex offers a fantastic opportunity whether you're looking to grow your investment portfolio or live in one unit while renting out the other. Featuring two self-contained units, the property provides flexibility for a variety of ownership goals. Each unit is separately metered for hydro and gas and includes its own hot water tank, helping simplify utility management. The property has benefited from several updates over the years, including an updated roof (2019), refreshed front porch, a forced air furnace servicing the main floor unit (approximately 5 years old), and new baseboard heaters in the upper unit. With both units currently tenanted, this property offers immediate rental income and future flexibility in a location close to Nickel Beach, local amenities, and everything Port Colborne has to offer.
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Interior Features
Separate Hydro Meter, Separate Heating Controls
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 160 Fares Street, Port Colborne, ON L3K 1W2
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Port Colborne, ON
For a property listed at $369,000 in Port Colborne, the legal minimum down payment is $18,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,010 for this transaction. As this listing is in Port Colborne (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,010.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.