53 OAK St

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.

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.