56 West Street
Port Colborne, ON
- 5 bed
- 5 bath
- approx. 3500-5000 sqft
- Multiplex
- 118 days on market
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)
Listing Details
- Taxes (2025)
- $8,985
- Originally Listed
- $2,250,000
- Listed
- May 15, 2026
Price History
Property
- Style
- 3-Storey
- Age
- 100+
- Construction
- Stone, Other
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Storage
- Lot Size
- 56 x 165 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- West St. & Sugarloaf St.
- Zoning
- DC
- Parcel Number
- 641630278
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 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
- Exclusions
- tenants personal belongings
- Rental Items
- hot water heater
Waterfront
- Water Body
- Welland Canal
- Shoreline
- Unknown
- Docking
- Marina, Public
Schools
Elementary
- Steele Street Public School1 km
Public · DSB Niagara · 205 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 53% met the provincial standard
- DeWitt Carter Public School1.1 km
Public · DSB Niagara · 280 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 81% met the provincial standard
- McKay Public School1.3 km
Public · DSB Niagara · 570 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 61% met the provincial standard
Secondary
- Port Colborne High School1.1 km
Public · DSB Niagara · 420 students
Grade 10 literacy: 95% met the provincial standard
- Lakeshore Catholic High School1.8 km
Catholic · Niagara CDSB · 680 students
Grade 10 literacy: 87% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3K
- Population
- 19,458
- Private dwellings
- 9,086
- Median age
- 50.8
- Average household size
- 2.2
- Median household income
- $70,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Port Colborne · last 12 months
- Median sold price
- $490,000
- Homes sold
- 254
- Median days on market
- 39
- Sale-to-list price
- 95.2%
Based on 254 recorded sales of residential freehold properties in Port Colborne over the last 12 months.
Listed by
ROYAL LEPAGE NRC REALTY
Walk Score
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Location
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Mortgage Calculator
$399,000
Estimated Monthly Payment
$9,801
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $9,801/mo (20% down, 5.5%)
Taxes: $749/mo · Insurance: $499/mo
Estimates only. Consult a financial advisor.
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