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292 FARES Street, Port Colborne — listed at $499,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
Is 292 FARES Street a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms (1731 sq ft), there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 2 spaces.
Does it have a basement, and is it finished?+
Yes — Unfinished, Full. A finished basement adds meaningful living space beyond the listed square footage.
This home was built in 1900 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
Is this a good starter home?+
At $499,000, this is priced in starter-home territory for Port Colborne. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,750.35, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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