246 Kent St
Port Colborne, L3K 3A1
FOR SALE
$485,000
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BEDROOMS2
BATHROOMS2
KITCHENS5
ROOMSX9365293
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Property Description
Seize this incredible investment opportunity with a well-maintained, 1,800 sq. ft.,2 1/2-story character home in the coveted Sugarloaf district. This fully bricked residence, zoned as a "Legal Duplex," offers both charm and practicality, making it a valuable addition to your portfolio. Key Features: Prime Location: Just blocks from Lake Erie, this property is conveniently located near the hospital, marina, parks, shopping centers, and top-rated schools, ensuring high tenant demand and excellent rental potential. Separate Utilities: Each unit has its own hydro meter, with updated electrical panels , ensuring safety and efficiency. Modern Upgrades: The home features a newer boiler and hot water tank (installed in 2019), and the roof on both the house and detached garage was replaced in 2017. The two-tier steps to the second unit entrance were also replaced in 2017, and the floors and paint were refreshed in 2008. Additional Income Potential: The detached garage, with a 20'x17' addition, has a concrete floor and can be rented out as storage or a workshop, providing an extra income stream. Reliable Tenants: The property currently houses long-term tenants who pay rent month to-month, consistently on time, and maintain their units with care. This provides stability and peace of mind for potential investors. Flexible Opportunities: There is potential to negotiate new rental agreements or obtain vacant possession, offering flexibility to maximize your investment returns. This property presents numerous possibilities to optimize your investment strategy. Whether you continue with the current tenants or make adjustments to the rental agreements, the solid structure and prime location of this home ensure it will remain a lucrative asset. RENTS: MAIN FLOOR RENT $769 PLUS HYDRO AND UPPER (2ND AND 3RD FLOOR) $871.25 PLUS HYDRO
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2024-06-10 | 2024-09-26 | 108 | $487,500 | - | Terminated |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-07 | 2024-01-04 | 68 | $499,000 | - | Expired |
| 2023-10-13 | 2023-12-11 | 60 | $514,900 | - | Suspended |
Property Features
Hospital, Lake Access, Level, Marina, Park, Place Of Worship
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Property Details
Street
City
Property Type
Duplex, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
40' x 124'
Acreage
< .50
Fronting
North
Taxes
$3,319 (2024)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 7.15' x 8.99' | |
| Br | Main | 8.99' x 8.99' | |
| Kitchen | Main | 6.33' x 10.17' | |
| Br | 2nd | 7.84' x 9.84' | |
| Br | 2nd | 10.07' x 10.60' | |
| Br | 2nd | 9.58' x 10.01' | |
| Kitchen | 2nd | 5.51' x 8.01' |
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Port Colborne Market Statistics
Port Colborne Price Trend
246 Kent St is a 5-bedroom 2-bathroom home listed for sale at $485,000, which is $66,250 (15.8%) higher than the average sold price of $418,750 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom home in Port Colborne increased by $33,750 (8.8%) compared to the previous 30 day period (November 19 - December 18) and down $431,250 (50.7%) from the same time one year ago.Inventory Change
There were 2 5-bedroom homes listed in Port Colborne over the last 30 days (December 19 - January 17), which is up 100.0% compared with the previous 30 day period (November 19 - December 18) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Port Colborne typically sold ($9,900) (2.4%) below asking price over the last 30 days (December 19 - January 17), which represents a $0 decrease compared to the previous 30 day period (November 19 - December 18) and $100 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Port Colborne over the last 30 days (December 19 - January 17) stood at 200.0%, down from 300.0% over the previous 30 days (November 19 - December 18) and up from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Port Colborne stood at 9 days when successfully sold over the last 30 days (December 19 - January 17), compared to 40 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Niagara Realty Ltd., Brokerage
Similar Listings
This charming legal duplex is a fantastic income opportunity in the heart of Port Colborne! Situated on a huge double lot, this property boasts ample parking, perfect for easily designating spots for tenants, and includes a large detached garage and a spacious fully fenced backyard. The main floor unit offers approximately 900 sqft of space with a bright living room, spacious kitchen, dining room, two bedrooms, and a 4-piece bathroom, plus its own laundry. Upstairs, the second unit provides approximately 800 sqft of space and includes a cozy living room, spacious eat-in kitchen, two bedrooms, a 4-piece bathroom, and separate laundry. The upper tenant currently pays $1,230/monthly, so this property is already income-generating! With separate hydro and gas meters, utility management is a breeze.The upper unit is accessed by a side entrance. Located in a highly desirable area, this property is close to great schools, parks, restaurants, shops, and the Friendship Trail, perfect for enjoying a day in nature. You're also just minutes from Sugarloaf Harbour Marina, Nickel Beach, and HH Knoll Lakeview Park, which hosts the popular Canal Days Festival each year. Port Colborne itself is a welcoming lakeside community known for its friendly vibe, waterfront charm, and year-round amenities, making it an exceptional place to live and invest. Whether you're looking for an investment property or a versatile home with income potential, this character-filled duplex is a rare find.
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