56 West Street, Port Colborne, ON L3K 4C8
Sugarloaf · L3K 4C8
$1,995,000
$570 / sq ft5 months on market
- Bedrooms
- 5
- Bathrooms
- 5
- Interior
- 3,500 sf
- Parking
- 7
- Lot
- 56 × 165 ft
- Age
- 100+ years
What's special
- Detached garage
- Window unit(s)
- Finished basement
- Fireplace
- Storage
About this property
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).
Features
- Storage
Property details
Property
- Property type
- multiplex
- Bedrooms
- 5
- Bathrooms
- 5
- Interior size
- 3,500 sq ft
- Year built
- 100+
- Lot size
- 56 × 165 ft
- Zoning
- DC
- Possession
- Immediate if assuming tenants
Interior
- Basement
- Unfinished, Full
- Heating
- Water · Gas
- Cooling
- Window Unit(s)
- Fireplaces
- 1
- Exposure
- West
Exterior & services
- Construction
- Stone, Other
- Garage
- Detached
- Parking spaces
- 7
- Sewer
- Sewer
Costs
- List price
- $1,995,000
- Property taxes
- $8,985 / year (2025)
- Price per sq ft
- $570
- Rental items
- hot water heater
Listing
- MLS® number
- X13134542
- Status
- For sale
- Listed
- May 15, 2026
- Days on market
- 174
- Last updated
- October 30, 2026
- Listing brokerage
- ROYAL LEPAGE NRC REALTY
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 100% of comparable multiplex listings in Port Colborne are asking less.
- This home
- $570 / sq ft
- Comparable median
- $300 / sq ft
Based on 13 comparable active multiplex listings in Port Colborne. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $8,824.56
- Property tax (est.)
- $748.75
- Estimated monthly
- $9,573
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $36,375
- Total due on closing
- $36,375
An estimate on the asking price of $1,995,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of ROYAL LEPAGE NRC REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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