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.
This gem of a property is a great opportunity of owning canal front. Nestled along the picturesque Promenade of the Welland Canal and Historic West Street, the 'Captains Quarters' offers a serene and casual lifestyle. Enjoy the unparalleled beauty of watching ships from around the world sail past from the comfort of your own porch in this enchanting 3-bedroom, winterized cottage. Boasting abundant charm and character, this delightful residence features pine plank flooring and French doors, which add to its timeless appeal. The inviting gas fireplace provides warmth and ambiance, creating a cozy haven during the cooler months. 2 of the upper-level bedrooms each open to a balcony, offering breathtaking views of the canal - an ideal setting for morning coffee or evening relaxation, the 3rd bedroom overlooks the rear yard. Additionally, a private, attached one-bedroom guest suite at the rear of the property is perfect for an in-law apartment or as a source of rental income. Located just a short stroll from the quaint downtown core, the property is in close proximity to a variety of shops, restaurants, a lakeside park, and a marina. This convenient access allows for an engaging and active lifestyle, while still providing the tranquility of waterfront living. The deep lot offers ample space for potential expansion, maximizing both living and income-generating possibilities (able to set your own rents). There are also potential grants for improvements with the city and region; can be used as commercial and developed with city approvals too. Do not let this rare opportunity pass you by. Embrace the charm, tranquility, and potential of owning 62 West Street.
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What’s NearbyDistances approximate
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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$2,368/mo
Mortgage (principal + interest)$2,095
Property taxFrom listing: $3,283/yr$274
Minimum $30,990 down for this price; the slider moves in whole percent, starting at 6%. 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$111,980
Ontario land transfer taxProvincial brackets, no first-time refund$7,673
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$122,453
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.
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