
Port Colborne, ON L3K 3S1
NOTE: Currently used as a warehouse for an online business. The INDUSTRIAL ZONING was changed to Residential Development ( R4-CH) to conform to the official plan. This zoning allows for residential so the possibilities are many for this +/- 16,893 sq ft concrete/concrete block building! The main floor offers +/- 10,584 sq ft with another +/- 6309 sq ft on the second floor. The property is irregular and wraps behind 2 residential units. A driveway on King St between the two units, provides access to another part of the building. The main floor has a one bedroom apartment and a large office space (+/- 400 sq ft) plus there are 3 loading doors with various heights and many other door entrances, so dividing this building into smaller units is doable! There is a large parcel of land behind the building that is owned by the Seaway and they are willing to sell that parcel at a reasonable price. This would be an a fantastic acquisition to the building and could provide the necessary parking if the buyer wanted to convert the existing building to full residential or add on.
TRREB MLS® Attribution
MLS® X13021936
Listed by ROYAL LEPAGE NRC REALTY
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Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$2,929
/month · $479,920 mortgage
Amortization
Total Interest
$398,897
Total Cost
$878,817
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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ROYAL LEPAGE NRC REALTY