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MLS® X13621766
Port Colborne, ON
**7.82% CAP RATE!!**The King Charles: A Newly Built Legal Triplex in Port Colborne Completed in 2024. Buy One or Buy Both. 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 (across 6 units) and is currently licensed for short-term rental operation, positioning it as a turnkey income asset from day one. Three 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 (both triplexes).The sale includes all furniture, the infrastructure already in place: a professional cleaning team, established vendors, and existing bookings. This is not just a property, 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. Properties: 664 King & 24 Charles.
Inclusions
Fridge, Stove, Dishwasher, Washer, Dryer, All Existing Light Fixtures, Wood Sheds, All Existing Furnitures.
Exclusions
NA
Broker
RE/MAX REALTY ENTERPRISES INC.
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Triplex
24 Charles Street Port Colborne
Port Colborne
Type
Triplex
Basement
Apartment, Separate Entrance, Full, Finished
Parking
None (6)
Property Tax
~$8,066/yr
Heating
Forced Air
Buying Essentials
Square Feet
4250 sqft
Facing Direction
West
Parking
None (6)
Finances
List Price
$799,850
Price per SQFT
$188/sqft
Property Tax
~$8,066/yr
Property Specs
Property Type
Triplex
MLS Size
4250 sqft
Basement
Apartment, Separate Entrance, Full, Finished
Living & Amenities
Heating Type
Forced Air
Features
Other
Policies & Utilities
Neighbourhood
Port Colborne
Listed On
Jul 30, 2026
Days on Market
Current: 100 days
Open Concept, Vinyl Floor, Above Grade Window
20.4 x 13.1
267 sqft
Open Concept, Vinyl Floor, Above Grade Window
10.2 x 8.3
85 sqft
Open Concept, Eat-in Kitchen, Vinyl Floor
20.4 x 29.1
594 sqft
Open Concept, Vinyl Floor, Above Grade Window
20.1 x 13.1
264 sqft
Open Concept, Combined w/Living, Vinyl Floor
12.5 x 8.4
104 sqft
Open Concept, Eat-in Kitchen, Vinyl Floor
20.1 x 29.1
586 sqft
4 Pc Ensuite, Walk-In Closet(s), Balcony
20.0 x 22.5
451 sqft
Closet, Vinyl Floor, Above Grade Window
14.1 x 13.1
186 sqft
Closet, Vinyl Floor, Above Grade Window
13.0 x 11.6
151 sqft
4 Pc Ensuite, Closet, Above Grade Window
20.0 x 19.7
393 sqft
Closet, Vinyl Floor, Above Grade Window
12.8 x 11.6
149 sqft
Closet, Vinyl Floor, Balcony
13.6 x 13.1
178 sqft
Closet, Vinyl Floor, Above Grade Window
12.8 x 9.8
126 sqft
Rooms
13
Listed Room Area
3,534 sqft
Source
Estimated from MLS room dimensions
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