See all 50 photosBook a viewing
Ask HOMEH
About this home
664 King Street, Port Colborne
**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.
Facts & features
Book a viewing
Rooms
13 rooms · 6 bathrooms
- Kitchen20′4″ × 29′2″594 sq.ft.
- Breakfast10′3″ × 8′4″85 sq.ft.
- Kitchen20′1″ × 29′2″586 sq.ft.
- Family room20′4″ × 13′1″267 sq.ft.
- Living room20′1″ × 13′1″264 sq.ft.
- Dining room10′1″ × 8′4″85 sq.ft.
- Bedroom13′7″ × 13′1″178 sq.ft.
- Bedroom13′ × 11′7″151 sq.ft.
- Den12′10″ × 9′10″126 sq.ft.
- Bedroom14′2″ × 13′1″186 sq.ft.
- Bedroom20′ × 22′6″451 sq.ft.
- Primary bedroom20′ × 22′10″457 sq.ft.
- Bedroom12′10″ × 11′7″149 sq.ft.
Around this home
Schools nearby
School rating, out of 10.
Listing details
Helpful tools
Your HOMEH agent
"I would see it this week."
Ask HOMEH about this home
Price, neighbourhood, monthly cost. Ask anything.
HOMEH Intelligent Agent is an AI, not a licensed representative. Check anything important with your agent.