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. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
**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.
Property Details
Listing
MLS® number
X13621766
Status
For Sale
Listed
Jul 30, 2026
Last updated
Oct 13, 2026
Possession
Immediate
Building
Type
Multi-Family
Style
2-Storey
Approx. age
Not provided by brokerage
Approx. size
3,500–5,000 ft²
Basement
Apartment, Separate Entrance, Full, Finished
Lot
Frontage
66.63 ft
Depth
60.33 ft
Lot area
≈ 4,020 ft² (calculated)
View
West
Community
877 - Main Street
Parking & utilities
Garage
None, 0 spaces
Driveway
Private, 6 spaces
Heating
Forced Air
Cooling
Central Air
Water / sewer
Not provided by brokerage
Taxes
Property tax
$8,066 / 2026
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
RE/MAX REALTY ENTERPRISES INC.
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 6
Kitchens: 3 above grade
Basement: Apartment, Separate Entrance, Full, Finished
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,664/mo
Mortgage (principal + interest)$2,992
Property taxFrom listing: $8,066/yr$672
Minimum $54,985 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$159,970
Ontario land transfer taxProvincial brackets, no first-time refund$12,472
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$175,242
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Port Colborne has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. 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.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
