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$ 1,050,000
Est. payment | /mo
11 Beds
7 Baths
$ 1,050,000
Est. payment | /mo
11 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 876 - East Village
MLS Listing ID X12510560
Style 2-Storey
Bedrooms 11
Annual Tax Amount $5,499
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional 8-Unit Multi-Property Investment /Seize this rare opportunity to own a high-performing, income-generating portfolio featuring three separate buildings across 220/224 Mitchell St. & 59 Louis St. This package includes two duplexes and one fourplex, for a total of 8 residential units with strong cash flow and future upside.224 Mitchell (Fourplex): Three fully renovated 1-bedroom units and one gutted unit approved for a 5-bedroom rooming house. Currently generating $3,750/month, with substantial income potential upon completion of the 5-bedroom unit.59 Louis (Duplex): One 1-bedroom and one bachelor unit, bringing in $1,100/month, plus added value from an on-site garage and shed.220 Mitchell (Duplex): Two 1-bedroom units, both rented at $1,250/month, totaling $2,500/month. Combined gross monthly income is $7,350, with clear value-add potential. The portfolio includes six fully renovated and tenanted units, one rented but unrenovated unit, and one gutted unit awaiting completion. All three properties have received major upgrades, including newer roofs (2015), updated windows, siding, soffits, eaves, and modernized plumbing. With seven units legally recognized by the City, this is a rare, high-yield investment offering both immediate income and long-term appreciation potential.
Location
Province ON
County Niagara
Community 876 - East Village
Area Niagara
Zoning R3
Rooms
Family Room No
Basement None
Kitchen 6
Interior
Interior Features None
Cooling None
Exterior
Parking Features Other
Garage Spaces 2.0
Pool None
Roof Type Shingles
Lot Frontage 60.28
Lot Depth 90.0
Total Parking Spaces 4
Building
Building Age 51-99
Foundation Concrete Block
New Construction false
Others
Senior Community No
Security Features Smoke Detector
ParcelsYN No
Listed by LUXE DREAM HOME REALTY LTD.
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