56 West Street, Port Colborne, ON L3K 4C8
Niagara County
Key Facts
Description
Attention Investors - Great waterfront opportunity! Situated along the canal-side Promenade in downtown Port Colborne, 'Cornerstone Guest Suites' is a charming and beautifully restored 5-unit (5,000 sq.ft.) property offering exceptional versatility and investment potential. This remarkable building could be converted into condos, boutique hotel, commercial use or continue operating as an apartment building or five guest suites. The top floor features an impressive 1,160 sq. ft. penthouse suite with breathtaking panoramic views of the canal and lake - ideal for owner to occupy. With potential for a boutique hotel, commercial space on the main level and residential rentals on the upper floors, this property offers endless possibilities. Future expansion or redevelopment opportunities add even more value. A rare chance to own a prime waterfront location where ships from around the world glide past your window. Set your own rents for units 1 & 5 (currently being used as short term rentals). Can also be purchased with neighbouring property at 62 West St - known as the 'Captains Quarters Guest Suites' (MLS X12983494)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Storey
Stories
3
Lot Dimensions
56.0x165.0
Parking Spaces
7
MLS® Listing#
X13134542
Property Features
Interior
Cooling
Heating
Basement
Pool
Parking
Patio
Lot Features
Construction
Foundation
Roof
Security
Financial Details
Annual Taxes
CA$8,985
Tax year 2025
Parcel Number
641630278
Directions
Corner of West St & Sugarloaf St.
Affordability Calculator
$399,000
Estimated monthly payment
$10,618/mo
Principal $1,596,000 · Est. interest $2,226,562 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Port Colborne, ON
- CA$677,876
- Median Listing Price
- 47
- Median Days on Market
- 1,574
- Median Sq Ft
- CA$478
- Median Price / Sq Ft
- 1,397
- Active Listings
- This home’s price is 194% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Port Colborne, ON.
Location
Getting Around
Points of Interest in Port Colborne, ON
Showing the Port Colborne area map.
Nearby Schools
Steele Street Public School
School · 1.0 km away
Dewitt Carter Public School
School · 1.1 km away
Port Colborne High School
Secondary · 1.2 km away
McKay School
School · 1.3 km away
Lakeshore Catholic High School
Secondary · 1.8 km away
St Joseph Catholic Elementary School
Elementary · 1.8 km away
St Patrick Catholic Elementary School
Elementary · 1.8 km away
St Therese Separate Elementary School
Elementary · 2.2 km away
Oakwood Public School
School · 2.5 km away
St Augustine Catholic Elementary School
Elementary · 10.0 km away
Diamond Trail Public School
School · 10.3 km away
St Mary Catholic Elementary School
Elementary · 11.1 km away
William E Brown Public School
School · 11.2 km away
Plymouth Public School
School · 11.3 km away
Princess Elizabeth Public School
School · 11.6 km away
East Dale of Secondary School
Secondary · 12.0 km away
Ecole Intermediaire Franco-Niagara
Secondary · 12.2 km away
Ecole Secondaire Franco-Niagara
Secondary · 12.2 km away
St Andrew's School
School · 12.5 km away
Fitch Street Public School
School · 12.7 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 85373 MACKENZIE CAMP RR#3 ROAD N, Ashfield-Colborne-Wawanosh (Ashfield), ON | CA$1,399,900 | 4 | 2 | — |
| 85373 MACKENZIE CAMP RR#3 Road N, Ashfield-Colborne-Wawanosh, ON | CA$1,399,900 | 4 | 2 | 2,241 |
| 156 CONCESSION 1 Road, Port Rowan, ON | CA$1,399,900 | 4 | 2 | 1,593 |
| 14751 HIGHWAY 12 ROAD, Scugog (Port Perry), ON | CA$1,399,999 | 5 | 2 | — |
| 84119 LAKEVIEW DRIVE, Ashfield-Colborne-Wawanosh (Ashfield), ON | CA$1,400,000 | 4 | 2 | — |
| 84119 Lakeview Drive, Ashfield-Colborne-Wawanosh, ON | CA$1,400,000 | 4 | 2 | — |
Moving Cost Estimate
EXIT Agents in Port Colborne
Listing Courtesy: ROYAL LEPAGE NRC REALTY - 9058349000