24 Charles Street, Port Colborne, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of 877 - Main Street. Expertly crafted featuring premium vinyl siding and stone construction, this residence presents an exceptional opportunity offered at $849,990 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.
- 6 Bedrooms and 6 Bathrooms with 2 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 66.63 x 60.33 ft lot
- Features a apartment, separate entrance, full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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.
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Property Summary
This triplex located at 24 Charles Street, Port Colborne is currently for sale and has been available on SousaSells for 7 days. This property is listed at $849,990 with an estimated mortgage of $2,829* per month. It has 6 beds, 6 bathrooms, and is 3500-5000 square feet. 24 Charles Street, Port Colborne is in the 877 - Main Street neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in 877 - Main Street, Port Colborne.
- •6 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in 877 - Main Street, Port Colborne.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 24 Charles Street, Port Colborne, ON
Q.What is the asking price for 24 Charles Street, Port Colborne, ON ?
The current listing price for 24 Charles Street, Port Colborne, ON in 877 - Main Street, Port Colborne is $849,990.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 6 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 24 Charles Street, Port Colborne, ON ?
24 Charles Street, Port Colborne, ON is a Triplex (2-Storey) featuring a Apartment, Separate Entrance, Full, Finished basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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About Purchasing a Home in Port Colborne, ON
For a property listed at $849,990 in Port Colborne, the legal minimum down payment is $59,999 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 $13,475 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 $13,475.
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