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$1,995,000
Port Colborne
56 West Street, Port Colborne (Sugarloaf), Ontario, L3K4C8
This multi-family property in Port Colborne is for sale offering roughly 4,250 sq ft of space.
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). (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 173 days on market, against an average age of 96 days across the listings currently for sale in this city
This 5-bed multi-family in Port Colborne (Sugarloaf) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,995,000, about 28.5× the local median household income of $70,000.
Carrying it typically needs a household income of about $389,693 (20% down, 25-yr amortization, stress-tested) — roughly 457% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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