Get the full information package
See pictures and a virtual tour

The turnkey real estate opportunity includes a tenant already in place, a 15-year-resident property manager and a condominium manager.  Projected returns on down payment are upwards of 35% annually taking into account cash flow, appreciation and mortgage pay-down. This real estate opportunity serves as an excellent vehicle for you to build your retirement savings plan by investing in one unit at a time hassle-free.

Get the full information package

See pictures and a virtual tour

More Information on This Opportunity

Executive Summary

David Foote’s book Boom Bust and Echo introduced the concept of baby boomer dominance whereby their spending will drive the economy in the early 21st Century. Furthermore, University of California Professor Jack Lessinger’s book Penturbia Where Real Estate Will Boom After the Crash of Suburbia introduced the concept of small town migration whereby individuals living in polluted, congested, over-priced urban cities will flock to small cities and towns in search of a higher quality of life, more safety and a cleaner environment. These reasons explain why towns like Port Colborne have just experienced a sudden jump in its sales-to-list ratio this Spring of 2007, as reported by the Niagara Real Estate Association, from 54% (indicating that for every 2 homes listed, 1 sells, which is a balanced market) to 79% showing that for every 5 homes listed, 4 are selling, clearly indicating a jump in buyer demand.

Port Colborne is a retirees paradise and a young families dream. This lakefront town has affordable homes near to beaches, marinas and a charming tourism town that neighbours major cities like St. Catharines and Niagara Falls.

The property is a 31 unit condominium building which is one of the first set of condos in the city. The building boasts full occupancy, solid concrete construction from foundation to roof, tenants paying their own hydro, low maintenance fees due to no elevator, pool or underground garage, and many upgrades including new landscaping, new paving and numerous others throughout the building.

The turnkey real estate opportunity includes a tenant already in place, 15-year-resident property manager and condominium manager. Projected returns on down payment are upwards of 38% annually taking into account cash flow, appreciation and mortgage pay-down. This real estate opportunity serves as an excellent vehicle for you to build your “virtual apartment building” by investing in one unit at a time hassle-free.

Haffwood Services Ltd is a sales and market company headed by Randy Ramadhin and Loretta Jawahir, serving the needs of small business since 1999. With 10 years combined experience in real estate sales and mortgage financing, Haffwood, is able to bring you this promising real estate opportunity.

Get the full information package

About Port Colborne

Port Colborne (2006 population 18,599) is a city on Lake Erie. It is one of twelve municipalities comprising the Regional Municipality of Niagara.The city is located at the southern end of the Welland Canal, in the Niagara Region of southern Ontario, Canada near Niagara Falls. Port Colborne was founded in 1833 with the construction of the Welland Canal, and built around the fishing and marine industry The city is named after Sir John Colborne, a British war hero and the Lieutenant Governor of Upper Canada at the time of the opening of the First Welland Canal.
The city grew up around the canal, and is home to one of the world's longest canal locks at 1,380 ft (420m), Lock 8. There is a viewing stand in Fountain View Park. The Welland Canal joins Lake Erie shortly south of the lock and is crossed by one of very few remaining lift bridges on the canal. The annual Canal Days festival with live music, an antique car show, food from around the globe and other attractions attracts a large number of visitors.
Port Colborne has retained a quaint charm, yet has moved to diversify its local economy by building on the Niagara-wide tourism strategy. The features include well-groomed golf courses, marinas, arenas, pools, and miles of sandy beaches. Golf enthusiasts can choose from 3 golf courses open from April until late fall. Port Colborne Country Club, Whisky Run Golf Club, and Coyote Golf Club. The nearby Sherkston Shores Resort is to the east of downtown, with more than three kilometres of white, sandy beachfront, a privately held campground, minigolf, waterslides and other attractions.

Port Colborne is poised to become a pillar of economic opportunity, a major four season Niagara tourist destination and a great place to live, work and invest. The city heavily promotes its public and private beaches and has also developed an active arts community with its own theatre (the Roselawn Complex), museum, and art galleries that draws from Niagara and beyond.

Port Colborne is 10 minutes from Welland and 20 minutes from St. Catharine’s. It’s strategically located at the juncture of Hwy 3 and Hwy 406.

Why Invest in Port Colborne?

“St. Catharines-Niagara’s Population is expected to grow by more than 1,600 by 2007. Net migration will continue to power population growth in St. Catharines Niagara CMA.”
- CMHC Fall 2006

“Lower prices of single detached homes relative to homes in South- Central Ontario, larger home sizes and a better quality of life will continue to drive the in-migration to this
region, especially from Toronto. In migration will continue, fuelled by the widening home price gap between Toronto and St. Catharines-Niagara CMA.”
- CMHC Fall 2006

The Peace Bridge between Canada and the United States at Fort Erie, ON is Canada’s highest-volume entry point for refugees seeking asylum in Canada. Since 2000, CIC statistics show averages of more than 5,000 refugees per year that have entered the country at Fort Erie. Since 1998, the number of refugees entering Canada at Fort Erie has climbed by approximately 400 per cent, compared to a Canada-wide increase of about 60 per cent. Using data collected by the Fort Erie Reception Centre, an estimated 15 to 25 per cent of refugees entering Canada at Fort Erie remain in the Niagara region. The private rental market provides most of the longer-term housing. Few new rental units have been built in recent years and market rents are slowly increasing as a result.

According to information provided by the Niagara Association of Realtors, in January through April of 2007, the overall Board sales-to-list ratio was at 54%.  This means that of all the listings taken in inventory for these two months, just over half that amount sold.
Within the Board, the highest list/sale ratio for the month of April is in Port Colborne, which for the month is 79% (last year for April it was 50%). This is showing that there is an increasing demand to purchase homes in Port Colborne compared to the rest of the region.

According to CMHC 2007 quarterly report, homes in the Niagara region appreciated by 4.5%

In addition to the statistical facts above, the city is:

Only 20 minutes from the U.S. Border
Easily accessed via highway, railway and shipping canal
In close proximity to 3 major international airports; Toronto, Hamilton and Buffalo
The owner of a short line railroad that offers competitive rates and great service
Competitive in real estate prices
Great Climate
Close to all amenities while still maintaining a small town atmosphere.

Get the full information package