905-347-2021
50
$799,850 Sale
Listed 74 days ago
24 Charles Street
· 6
· 6
· 6
· 3500-5000
Listing History
Buy/Sell/Terminated/Expired listing history for 24 Charles Street
Key Facts
Key facts for 24 Charles Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 6 parking
MLS #
X13621766
Size
3500-5000 sqft
Basement
Apartment,Separate Entrance,Full,Finished
Listed on
2026-07-30
Lot size
67 x 60.33
Tax
$8,066.10 /yr
Days on Market
75
Approximate Age
-
Maintenance Fee
-
Description
The King Charles: A Newly Built Legal Triplex Investment in Port ColborneCompleted in 2024, 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 and is currently licensed ...for short-term rental operation, positioning it as a turnkey income asset from day one.Six 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.The sale includes all furniture, the infrastructure already in place: a professional cleaning team, established vendors, and existing bookings. This is not simply a property acquisition, 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.
Room Types
Bedroom
Closet, Vinyl Floor, Above Grade Window
Dimensions 12.8 x 11.61 feet
148.61 sqft
Bedroom
Closet, Vinyl Floor, Above Grade Window
Dimensions 12.99 x 11.61 feet
150.81 sqft
Bedroom
Closet, Vinyl Floor, Balcony
Dimensions 13.58 x 13.12 feet
178.17 sqft
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Courtesy of: RE/MAX REALTY ENTERPRISES INC.