56 WEST STREET
Port Colborne (Sugarloaf), Ontario
MLS® X13134542
$1,995,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13134542
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- —
1 / 24Listing description
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 summary
- MLS® number
- X13134542
- Property type
- Multi-family
- Building type
- Other
- Land size
- 56 x 165 FT
- Annual property taxes
- $8,985.00
- Parking
- 7 spaces · Detached Garage, Garage
- Days on market
- 105 days
Features & details
- Heating
- Natural gas
- Cooling
- Window air conditioner
- Basement
- Unfinished, Full
- Appliances
- Washer, Refrigerator, Stove, Dryer, Microwave, Window Coverings
- Exterior features
- Stone
- View
- Direct Water View
- Waterfront
- Waterfront on canal
What would this home cost you?
Based on the $1,995,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE NRC REALTY, PORT COLBORNE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.