24 Charles Street, Port Colborne, ON L3K 3R2
877 - Main Street, Port Colborne · Near King St & Charles St · View map
About this home
**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.
The home
- Type
- Triplex
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 6
- Bathrooms
- 6
- Kitchens
- 3
- Rooms
- 13
- Basement
- Apartment, Separate Entrance, Full, Finished
- Lot size
- 66.6 x 60.3 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding, Stone
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 6
- Total parking
- 6
- Parking features
- Private
Taxes & other
- Property taxes
- $8,066/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- King St & Charles St
- Neighbourhood
- 877 - Main Street
More
- Price per sq ft
- ~$188 (at 4,250 sq ft)
- MLS® number
- X13621766
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
24 Charles Street, Port Colborne, ON L3K 3R2
877 - Main Street, Port Colborne · Near King St & Charles St
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Listing history for 24 Charles Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 24 Charles Street
Answers come straight from this home’s MLS® listing.
How much is 24 Charles Street listed for, and what would it cost each month?
24 Charles Street is listed for $799,850. With 20% down ($159,970), the mortgage payment would be roughly $3,226 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,899 a month, all in. That figure is an illustration, not a quote.
Is 24 Charles Street freehold or a condo, and is there a monthly fee?
24 Charles Street is a triplex in 877 - Main Street, Port Colborne. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 24 Charles Street have?
24 Charles Street has 6 bedrooms and 6 bathrooms. The listing gives the style as 2-storey.
Does 24 Charles Street have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
Does 24 Charles Street have a finished basement?
The listing describes the basement as apartment, separate entrance, full, finished. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 24 Charles Street?
24 Charles Street is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 24 Charles Street, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 66.6 x 60.3 ft.
How is 24 Charles Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 24 Charles Street?
Property taxes are $8,066 a year (2026), or about $672 a month.
Where is 24 Charles Street?
24 Charles Street is in the 877 - Main Street community of Port Colborne. The nearest main intersection is King St & Charles St. The postal code is L3K 3R2.
Is 24 Charles Street still for sale?
Yes. It is an active listing (MLS® X13621766). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 24 Charles Street asking?
Similar properties for sale nearby right now include 664 King Street at $799,850 (6 bed), 632 King Street at $575,000 (5 bed) and 8 Catharine Street at $749,900 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 24 Charles Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 24 Charles Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 877 - Main Street, picked by style, size and price.
Triplex$799,850664 King Street, Port Colborne6 bed · 6 bath · 877 - Main StreetCourtesy of: RE/MAX REALTY ENTERPRISES INC.View home →
Duplex$575,000632 King Street, Port Colborne5 bed · 2 bath · 877 - Main StreetCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →
Triplex$749,9008 Catharine Street, Port Colborne6 bed · 3 bath · 878 - SugarloafCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →Courtesy of: RE/MAX REALTY ENTERPRISES INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.