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Royal LePage
Royal LePage
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$1,995,000

56 WEST STREET, Port Colborne (Sugarloaf), Ontario, L3K 4C8

MLS® # X13134542

Port Colborne (Sugarloaf) ON, L3K 4C8

MLS® # X13134542

Property Information:

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) (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Air Conditioning: Yes
  • Basement Development: Unfinished
  • Basement Type: Full
  • Easement: Unknown
  • Exterior Finish: Stone
  • Fire Protection: Smoke Detectors
  • Fireplace: Yes
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type: Stone
  • Heating Fuel: Natural gas
  • Cooling Type: Window air conditioner
  • Appliances: Dryer, Microwave, Stove, Washer, Window Coverings, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 5
  • Access Type: Year-round access
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 165 Feet
  • Lot Frontage: 56 Feet
  • Lot Size: 56 x 165 FT
  • Structure Type: Deck, Porch
  • View Type:
  • WaterFront Type: Waterfront on canal
  • Zoning: DC
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 7

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 56 WEST STREET, Port Colborne (Sugarloaf), Ontario, L3K 4C8

Demographic Information of 56 WEST STREET, Port Colborne (Sugarloaf), Ontario, L3K 4C8

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$81,672.88

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.92 %

High school certificate or equivalent

39.59 %

Apprenticeship trade certificate/diploma

7.55 %

College/non-university certificate

20.44 %

University certificate (below bachelor)

0.35 %

University Degree

12.15 %

Commuter

Travel To Work

By Car

86.25 %

By Public Transit

0.0 %

By Walking

8.72 %

By Bicycle

0.0 %

By Other Methods

5.03 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.19 %

Houses

68.81 %

Own Vs. Rent

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