168 Clarence Street, Port Colborne, ON
Property Highlights
Welcome to this remarkable store w apt/office located in the coveted neighborhood of 878 - Sugarloaf. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $515,000 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.
- 0 Bedrooms and 3 Bathrooms
- Premium 22 x 157.5 ft lot size
- equipped with yes central cooling and highly efficient electric forced air heating
Description
168 Clarence Street is a thoughtfully maintained & updated commercial/residential building set in the heart of downtown Port Colborne and surrounded by established local businesses, shops and restaurants.The building offers two main floor commercial units, (approx 440 Sq.Ft and 525 Sq.Ft) each with separate entrances and the option to combine into one larger space if needed. Both are currently vacant, allowing for immediate use or the ability to set rents and secure tenants on your own terms. On-street parking services the commercial spaces.The second level features a beautiful two bedroom apartment with a updated kitchen, in-suite laundry, and access to a private rear deck - currently owner occupied . An area in the back is fenced for privacy, leads to the apartment entrance and includes a storage shed. All units are on separate meters (60 Amps in each main floor unit, 100 Amp in apartment). A large, paved parking area for the apartment is accessed from Schooner Lane in back.
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Pricing & Value Insights
Data-driven valuation for 168 Clarence Street, Port Colborne, ON L3K 3G5
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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 $515,000 in Port Colborne, the legal minimum down payment is $26,500 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 $6,775 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 $6,775.
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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.