56 West Street, Port Colborne, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Sugarloaf. Expertly crafted featuring premium stone and other construction, this residence presents an exceptional opportunity offered at $1,995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 56 x 165 ft lot
- Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Storage
- equipped with window unit(s) central cooling and highly efficient water heating via gas
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)
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Property Summary
This multiplex located at 56 West Street, Port Colborne is currently for sale and has been available on SousaSells for 106 days. This property is listed at $1,995,000 with an estimated mortgage of $6,641* per month. It has 5 beds, 5 bathrooms, and is 3500-5000 square feet. 56 West Street, Port Colborne is in the Sugarloaf neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Sugarloaf, Port Colborne.
- •5 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Sugarloaf, Port Colborne.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Storage
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
- Other
Community Features
None listed
Frequently Asked Questions about 56 West Street, Port Colborne, ON
Q.What is the asking price for 56 West Street, Port Colborne, ON ?
The current listing price for 56 West Street, Port Colborne, ON in Sugarloaf, Port Colborne is $1,995,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 5 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 56 West Street, Port Colborne, ON ?
56 West Street, Port Colborne, ON is a Multiplex (3-Storey) featuring a Unfinished, Full basement.
Q.What interior features are included in this home?
Interior highlights include: Storage.
Q.What security features are installed at 56 West Street, Port Colborne, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector, Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 7.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Window Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Sugarloaf, Port Colborne
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 56 West Street, Port Colborne, ON L3K 4C8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Port Colborne, ON
For a property listed at $1,995,000 in Port Colborne, the legal minimum down payment is $399,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $36,375 for this transaction. As this listing is in Port Colborne (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $36,375.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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