420 Fares St
875 - Killaly East, Port Colborne, L3K 1X3
FOR SALE
$470,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
4
BEDROOMS2
BATHROOMS2
KITCHENS9
ROOMSX12017609
MLSIDContact Us
Property Description
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. **EXTRAS** Schools: Dewitt Carter Public, St Therese Catholic Elementary, Port Colborne High, Lakeshore Catholic High. Approximately 1700 sqft above grade.
Call
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-27 | 2025-01-03 | 37 | $515,000 | - | Terminated |
Property Features
Park, Place Of Worship, School
Call
Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
66' x 110'
Acreage
< .50
Fronting
West
Taxes
$2,240 (2024)
Basement
Crawl Space, Unfinished
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Detached
Call
Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.16' x 12.40' | |
| Dining | Main | 9.51' x 16.67' | |
| Kitchen | Main | 15.26' x 11.42' | |
| Br | Main | 7.74' x 13.85' | |
| 2nd Br | Main | 9.25' x 8.23' | |
| Bathroom | Main | 5.41' x 8.23' | 4 Pc Bath |
| Living | 2nd | 9.84' x 13.16' | |
| Kitchen | 2nd | 13.16' x 15.26' | |
| 3rd Br | 2nd | 10.40' x 9.84' | |
| 4th Br | 2nd | 9.74' x 9.58' | |
| Bathroom | 2nd | 6.66' x 10.66' | 4 Pc Bath |
Call
Port Colborne Market Statistics
Port Colborne Price Trend
420 Fares St is a 4-bedroom 2-bathroom home listed for sale at $470,000, which is $247,500 (34.5%) lower than the average sold price of $717,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Port Colborne increased by $133,500 (22.9%) compared to the previous 30 day period (December 22 - January 20) and up $296,300 (70.3%) from the same time one year ago.Inventory Change
There were 4 4-bedroom homes listed in Port Colborne over the last 30 days (January 21 - February 19), which is down 42.9% compared with the previous 30 day period (December 22 - January 20) and down 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Port Colborne typically sold ($11,950) (1.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $19,050 increase compared to the previous 30 day period (December 22 - January 20) and ($1,249) 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 4-bedroom homes in Port Colborne over the last 30 days (January 21 - February 19) stood at 100.0%, up from 14.3% over the previous 30 days (December 22 - January 20) and up from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Port Colborne stood at 27 days when successfully sold over the last 30 days (January 21 - February 19), compared to 87 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Nrc Realty
Similar Listings
Are you a first time home buyer looking for a property that comes with a tenant to support with the bills? The main floor of this duplex will be vacant March 1 & ready for you! The upper tenant is an excellent long standing tenant looking to stay. If you're an investor looking to add to your portfolio, you can chose your own tenant for the main floor. This property has received tons of updates since 2017 including the red board & batten siding, fascia, eaves, decks, both furnaces, electrical, kitchens, painting, flooring, trim, proper fire separated ceiling, bathroom vanities and more! This duplex has 2 separate gas & hydro meters (tenants pay) and ample parking behind the building. There is a mutual drive to enter the property. The main floor is an oversized open concept 2 bedroom, 1 bathroom (4pc) unit with tall ceilings and private access to back deck (previous rent $1,575 + gas/hydro). The upper unit is an open concept 1 bedroom, 1 bathroom (3pc) with a rooftop private deck (Current rent: $1260.75 + gas/hydro). This is a turnkey investment ready for a new landlord. Current annual income: $34,029! Set your new rent for main floor unit and you're off to the races. Please see attached income, expense and disclosures. Note: Photos from prior tenancies & the little brown bungalow is not attached - 610 King is a separate property entirely.
Call
Call