344 Fares Street, Port - Sold for $540,000 | Modern Solution Realty

344 Fares Street, Port

344 Fares Street in Port - 3 bedroom, 3 bathroom. Sold for $540,000. Listed at $564,800.

CASH-FLOWING LEGAL DUPLEX WITH GARAGE, UPGRADES & PRIME LOCATION! A rare opportunity to own a fully separated, side-by-side legal duplex in a great Port Colborne neighbourhood- ideal for investors or live-in landlords seeking steady income and long-term upside. -Unit A (rented at $1,998.75/month + utilities): A spacious 2-storey, 2 bed, 2 bath unit featuring a bright eat-in kitchen, oversized living room, attached double-car garage, two-car drive way, private basement with laundry, central air, central vacuum, and a 4-piece bath.-Unit B (vacant market rent $1,500/month):A 1-bedroom bungalow with an open-concept kitchen/living area, 3-piece bath, large bedroom, private basement with laundry hookups, separate driveway off Alma, central vacuum, dedicated A/C unit, and newly added electric baseboard heating for fully independent climate control. The dry, oversized basement holds potential to create an additional living space in both units. -Extensive cosmetic renovations completed post-purchase, enhancing the enhancing the layout, finishing's, and overall appeal throughout.-Separate hydro meters already in place. After purchase, Unit B's heating was upgraded to electric baseboards, eliminating landlord-paid gas bills and making utilities fully tenant-controlled. -Newer roof, furnace, windows, and A/C - big-ticket items are already handled. Current tenants in Unit A have never missed a payment, are wonderful people, and wish to stay.-Tenants take care of exterior maintenance a hands-off setup for the new owner. Investor ROI sheet available upon request. Located in Port Colborne's desirable Killaly St E area, close to everything that matters: Nearby amenities include: De Witt Carter Public School & Lakeshore Catholic High School Nickel Beach, Friendship Trail, and HH Knoll Lakeview Park Port Colborne Historical & Marine Museum, Vale Centre, and Canal Days Festival. Downtown shops, cafes, and restaurants just minutes away

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Square Footage: 1750 sqft
  • Basement: Full
  • Heating: Electric
  • Cooling: Central Air
  • Parking: 7 spaces
  • Property Taxes: $4,041.28/yr
  • Neighbourhood: 875 - Killaly East
  • Postal Code: L3K 1X1

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