$1,995,000
↓ $255,000 from $2,250,000
Est. payment $8,833/moCalculate yours
56 West Street, Port Colborne, ON L3K 4C8
878 - Sugarloaf, Port Colborne, ON L3K 4C8
- 5 Beds
- 5 Baths
- 2 Garage
- 3,500 Sq Ft
Listing courtesy of ROYAL LEPAGE NRC REALTY MLS® X13134542
About this home
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 details
Overview
- Property Type
- Multiplex
- Style
- 3-Storey
- For
- For Sale
- Status
- Price Change
- Approximate Age
- 100+
- Size
- 3,500 sqft
Interior
- Bedrooms
- 5
- Bathrooms
- 5
- Kitchens
- 5
- Basement
- Unfinished, Full
Building & Systems
- Heating
- Water (Gas)
- Cooling
- Window Unit(s)
- Exterior
- Stone, Other
- Foundation
- Stone
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 56 x 165 Feet
- Parking
- Detached garage · 7 total
- Zoning
- DC
Financial
- Property Taxes
- $8,985 (2025)
Location
- Neighbourhood
- 878 - Sugarloaf
- Cross Street
- West St. & Sugarloaf St.
- Direction Faces
- West
Listing
- MLS® Number
- X13134542
- Days on Market
- 156
- Listed On
- 2026-05-15
- Possession
- Immediate if assuming tenants
- Listed By
- ROYAL LEPAGE NRC REALTY
Features
Interior
- Storage
Pool
- None
- Included
- 5 fridges, 5 stoves, 5 microwaves, 5 washers, 5 dryers, Ring security camera, furnishings (4 units), 6 window a/c units, interconnected smoke detectors, 6 fire extinguishers, all light fixtures and window coverings as seen on real property
- Excluded
- tenants personal belongings
- Rental items
- hot water heater
Mortgage calculator
Estimated mortgage payment
$8,833 per month
- Principal and interest
- $8,833
- Property tax
- $749
- Condo fees
- $0
- Estimated monthly cost
- $9,582
Your mortgage
- Mortgage amount
- $1,596,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,054,029
Cash to close
- Down payment
- $399,000
- Land transfer tax
- $36,375
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $435,375
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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