24 Charles Street,Port Colborne, ON L3K 3R2
Port Colborne, ON L3K 3R2
Description
The King Charles: A Newly Built Legal Triplex Investment in Port ColborneCompleted in 2024, 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 and is currently licensed for short-term rental operation, positioning it as a turnkey income asset from day one.Six 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.The sale includes all furniture, the infrastructure already in place: a professional cleaning team, established vendors, and existing bookings. This is not simply a property acquisition, 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.
Details
| MLS # | X13621766 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 36 |
| Listing Provided By | RE/MAX REALTY ENTERPRISES INC. | X13621766 692801 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.09 |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Vinyl Siding, Stone |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 8066.1 |
|---|---|
| Tax Legal Description | PART LOT 29, PLAN 768 BEING PART ONE ON PLAN 59R17322 CITY OF PORT COLBORNE |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Niagara |
| City | Port Colborne |
| Postal Code | L3K 3R2 |
| Area | 877 Main Street |
| Listing VS Median (in L3K 3R2) | |
Price: $849,990 low | high Med: $990,000 On site: 36 low | high Med: 260 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Niagara |
| City | Port Colborne |
| Postal Code | L3K 3R2 |
| Area | 877 Main Street |
| Listing VS Median (in L3K 3R2) | |
Price: $849,990 low | high Med: $990,000 On site: 36 low | high Med: 260 | |
