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223 Main Street W, Port Colborne, ON L3K 3V7

4 beds · 3 baths · 3 kitchens · 6+2 rooms · 8 parking spaces · 2000-2500 sq ft · Triplex
$515,000
Property tax
$3,767 / year

This is an incredible prime opportunity to own a well built triplex in a convenient & desirable downtown location in Port Colborne. Situated in a High Traffic area on revitalized Main St W, this property offers the perfect balance of comfort and convenience, making it an ideal investment with good cash flow opportunity or multi-family property. This charming triplex features a 1 bedroom and a 2 bedroom unit on the main floor and a 1 bedroom unit upstairs. Each comes with their own classic character. Kitchens are well-equipped and bedrooms are spacious. Each Separately metered and 2 hot water tanks providing added privacy and efficiency for the tenants. The shared outdoor space adds appeal. The thoughtful layout includes separate entrances allowing for privacy and separation within each unit. Basement has its own door which can be shared for storage and laundry facilities. With a large front picture window, the front air conditioned 1 bedroom unit can be converted to a commercial space. In addition, the property provides 8 parking spots ensuring that residents and visitors have no trouble finding space. Whether you're looking to add to your real estate portfolio or enjoy a peaceful living environment with rental income potential, this purpose built triplex offers great value in a fantastic location. One unit currently tenanted, this triplex is a reliable income-generating asset. The property's potential cash flow makes it an ideal choice for investors seeking a stable and lucrative addition. Don't miss this opportunity to secure a property that merges timeless appeal with strong rental potential. Builders & developers take note: the city permits additional units to be built determined by how many parking there are. Only minutes away from local beaches, shopping, & restaurants, this unique property offers an opportunity that can't be missed. Independent Addresses: 219, 221 and 223 Main St W.

MLS number
X13582758
Type
Triplex
Status
Active
Bedrooms
4
Bathrooms
3
Postal code
L3K 3V7
Photos
36
Laundry
Not in the unit
56days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Lakeshore Catholic High School
Niagara CDSB
Secondary801 m6.8 / 10
68% met the standard · 2 of 6 measures
McKay Public School
DSB Niagara
Elementary1.1 km7.7 / 10
77% met the standard
Oakwood Public School
DSB Niagara
Elementary859 m8.8 / 10
88% met the standard
St John Bosco Catholic Elementary School
Niagara CDSB
Elementary920 m6.7 / 10
67% met the standard
DeWitt Carter Public School
DSB Niagara
Elementary1.3 km8.9 / 10
89% met the standard
Port Colborne High School
DSB Niagara
Secondary1.3 km7.9 / 10
79% met the standard · 2 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,017 people.

$77,500Median household income
79.3%Own their home
78.2%Detached houses
46.4Median age
5.5%Born outside Canada
15.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260742 — the few blocks around this address, home to 1,017 people. It describes the area, not this property.

1,017Population
44Average age
2.3Household size
$92,000Average household income
$77,500Median household income
79%Own their home
21%Rent
0%Condominiums
6%Born outside Canada
16%University degree
$514,000Average home value
9%Low income
61%Not in the labour force
23%Never married
$15,000 to $19,9992%
$20,000 to $24,9992%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9994%
$45,000 to $49,9993%
$50,000 to $59,9997%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over26%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over3%

Percentages are of the 585 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$103,000 · minimum here is $26,500
$2,280.31per month
Borrowed before insurance$412,000
Total borrowed$412,000
Interest over 25 years at 4.5%$272,093

If you rented it out

-$2,594.23per month out of pocket
Rent$0.00
Everything it costs to hold$2,594.23
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 LEADING EDGE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.