Gurvinder Nokwal REALTOR®
For Sale Multiplex 156 days on market

$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
Map

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

Minimum for this price: $399,000 (20%)

Amortization, years

Estimated mortgage payment

$8,833 per month

Principal and interest
$8,833
Property tax
$749
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
Total, before legal fees
$435,375
Talk to me about financing

Estimates 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

56 West Street, Port Colborne, ON L3K 4C8 878 - Sugarloaf, Port Colborne, ON L3K 4C8
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,995,000 56 West Street, Port Colborne, ON L3K 4C8
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