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For saleMLS® X14080612

292 Fares Street, Port Colborne, ON L3K 1W8

East Village · L3K 1W8

$499,000

$333 / sq ft

3 weeks on market

Bedrooms
2+1
Bathrooms
2
Interior
1,500 sf
Parking
2
Lot
39.09 × 0 ft

What's special

  • 2 parking spaces
  • Central air
  • Finished basement

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About this property

Discover a RARE OPPORTUNITY with this LEGAL side-by-side DUPLEX. Ideal for homeowners and investors alike, this versatile property offers TWO compelling opportunities: live comfortably in one unit while generating rental income from the other to help offset mortgage costs, OR maximize your investment potential by renting both units at current market rates. Whether you're looking to combine lifestyle with income or build long-term wealth through rental revenue, this duplex delivers the flexibility to make your property work for you. Fully compliant with city safety and occupancy standards, this duplex features above-grade units, SEPARATE HYDRO METERS, and modern finishes including carpet-free flooring and stainless steel appliances. Peace of mind comes standard with ROOF (2018), FURNACE (2021), and AIR CONDITIONER (2021). Situated in a thriving community, this property offers close proximity to local amenities, schools, and transportation-making it highly attractive to tenants and future buyers alike. Add this to your FAVORITES as the perfect blend of comfortable living and built-in rental income-an opportunity to live well while your property helps pay the way.

Features

  • None

Property details

Property

Property type
multiplex
Bedrooms
2 + 1
Bathrooms
2
Interior size
1,500 sq ft
Possession
Flexible

Interior

Basement
Unfinished, Full
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
West

Exterior & services

Construction
Vinyl Siding, Aluminum Siding
Parking spaces
2
Sewer
Sewer

Costs

List price
$499,000
Property taxes
$2,750 / year (2026)
Price per sq ft
$333
Rental items
Hot Water Heater

Listing

MLS® number
X14080612
Status
For sale
Listed
October 15, 2026
Days on market
21
Last updated
October 19, 2026
Listing brokerage
ROCK STAR REAL ESTATE INC.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 23% of comparable multiplex listings in Port Colborne are asking less.

$430KMedian $559K$800K
This home
$333 / sq ft
Comparable median
$300 / sq ft

Based on 13 comparable active multiplex listings in Port Colborne. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $24,950
$24,950
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,621.10
Property tax (est.)
$229.20
Estimated monthly
$2,850

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$6,455
Total due on closing
$6,455

An estimate on the asking price of $499,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROCK STAR REAL ESTATE INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$499,000

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Comparable sales nearby

What similar homes in this area actually sold for.

Nearby sold prices are hidden

Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

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