56 West Street, Port Colborne, ON L3K 4C8
- $1,995,000
- 5
- BD
- 5
- BA
- 3,500
- SqFt
- List Price
- $1,995,000
- Price Change
- ▼ $197,505,000 1781388664
- MLS#
- X13134542
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 3-Storey
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Port Colborne
- Area
- Niagara
- Neighborhood
- 878 - Sugarloaf
- Subdivision
- West St. & Sugarloaf St.
Property 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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Additional Information
- Taxes
- $8,985
- Heat Type
- Water
- Heat Source
- Gas
- Air Conditioning
- Window Unit(s)
- Lot Depth
- 165
- Kitchens
- 5
- Exterior
- Stone, Other
- Waterfront Type
- Indirect
- Garage Spaces
- 2
- Garage Type
- Detached
- Pool
- None
- Parking Spaces
- 7
- Parking Type
- Private
Mortgage Calculator
Listing courtesy of ROYAL LEPAGE NRC REALTY.