292 Fares Street, Port Colborne

$499,000
292 Fares Street

$499,000

New
8d
Duplex2-Storey

292 Fares Street, Port Colborne

Total Monthly Obligation $2,617

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
8d
Property Type-Duplex
MLS® Number-X14080612
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-39.09 ft (front)
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Duplex
Taxes-$2,750.35 (2026)
Parking-2 - None
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-ROCK STAR REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block, Stone, Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-876 - East Village
Title-Residential Freehold

No agent assigned

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.

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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,617/mo
Mortgage $2,013
Monthly Loss $2,087
Principal$530
Interest$1,483
Property Tax$229
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 292 Fares Street

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Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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