6-UNIT DEVELOPMENT - FINAL STEPS TO BUILDING PERMIT: Acquire a highly advanced infill development and skip much of the lengthy planning and approval process. This vacant development site is designed for six residential units - four contemporary 2-bedroom street townhomes plus two additional residential units - and has progressed through most of the municipal approval and building permit process. Offered at approximately $73,333 per proposed unit, this is an opportunity for a builder, developer or investor to acquire a project already significantly advanced toward construction rather than starting with raw land and navigating the municipal approval process from the beginning. Designed as a purpose-built rental development, the project may qualify for applicable rental housing. Development Charge incentives/payment provisions. Buyer to confirm eligibility and applicable amounts with the City. Minimal municipal reviews and requirements remaining. The City will progress the remaining reviews following payment of applicable permit fees and Development Charges. Located in Port Colborne's evolving East Village/waterfront area, close to Nickel Beach, the Welland Canal, marina, downtown shops, restaurants and waterfront recreation. Vendor Take Back financing may be available to a qualified buyer. Artist's renderings illustrate the proposed development and are provided for visualization purposes only. Property is being sold as vacant development land together with the applicable plans and existing municipal approvals/reviews. Buyer to complete independent due diligence regarding the status and transferability of plans, approvals and permit application; outstanding municipal reviews and requirements; Development Charges and available incentives/deferrals; permit and other municipal fees; servicing; construction costs; projected rents; and financing. Building permit issuance remains subject to completion of all outstanding municipal requirements and final City approval.
works out to roughly $629 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 71 Nickel St
Every detail from the listing, in one place.
Type
Land
Style
Other
Living space
< 700 sq ftas stated on the listing
Basement
Other
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
Other
Exterior & construction
Pool
Yes
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Other
Property class
Vacant Land
71 Nickel St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13585954$440,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 71 Nickel St Compares to the Port Colborne Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,162
/mo
based on the purchase price of $440,000
$88,000 cash
$352,000 financed
$296,476 total interest
Principal54%$352,000
Interest46%$296,476
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Port Colborne
Other homes for sale in Port Colborne around $440K.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio94.7%On average, homes sold below asking.
Active listings224Homes for sale here right now.
Median vs prior 90 days−8.5%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 97 sales from Jul 25 – Oct 23, 2026 (75 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 71 Nickel St
How much is 71 Nickel St listed for?
71 Nickel St is listed at $440,000 (MLS® X13585954). Summitly updates the price as soon as the MLS® record changes.
Is $440,000 a good price for 71 Nickel St?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Port Colborne. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 71 Nickel St changed?
No — 71 Nickel St is still listed at its original asking price of $440,000.
How many bedrooms and bathrooms does 71 Nickel St have?
71 Nickel St has about 700 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Port Colborne.
How much would the monthly mortgage be on 71 Nickel St?
About $2,162 a month — principal and interest on $440,000 with 20% down ($88,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 71 Nickel St compare with other homes in Port Colborne?
Its asking price of $440,000 is about 4% below the median sold price in Port Colborne over the last 90 days, $460,000, across 97 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 71 Nickel St been sold before?
Summitly has no earlier MLS® sale or lease of 71 Nickel St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 71 Nickel St?
71 Nickel St is in Port Colborne, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 71 Nickel St been on the market?
95 days — 71 Nickel St was listed on July 20, 2026.
What is the price per square foot of 71 Nickel St?
About $629 per square foot: the asking price of $440,000 over the 700 sq ft the listing gives.
Does 71 Nickel St have a basement, and is it finished?
