56 West Street, Port Colborne, ON L3K 4C8
878 - Sugarloaf, Port Colborne · Near West St. & Sugarloaf St. · View map
About this home
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).
The home
- Type
- Multiplex
- Style
- 3-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 5
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 15
- Basement
- Unfinished, Full
- Lot size
- 56 x 165 ft
- Faces
- West
- View
- Canal, Downtown
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors, Smoke Detector
- Exterior
- Stone
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Water
- Air conditioning
- Window Unit(s)
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Driveway spaces
- 5
- Total parking
- 7
- Parking features
- Private
Taxes & other
- Property taxes
- $8,985/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate if assuming tenants
- Cross street
- West St. & Sugarloaf St.
- Neighbourhood
- 878 - Sugarloaf
More
- Price per sq ft
- ~$469 (at 4,250 sq ft)
- MLS® number
- X13134542
No matching details. Ask Will instead
The home and its surroundings
- Storage
- Deck
- Porch
- Year Round Living
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
56 West Street, Port Colborne, ON L3K 4C8
878 - Sugarloaf, Port Colborne · Near West St. & Sugarloaf St.
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 56 West Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 56 West Street
Answers come straight from this home’s MLS® listing.
How much is 56 West Street listed for, and what would it cost each month?
56 West Street is listed for $1,995,000. With 20% down ($399,000), the mortgage payment would be roughly $8,047 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,796 a month, all in. That figure is an illustration, not a quote.
Is 56 West Street freehold or a condo, and is there a monthly fee?
56 West Street is a multiplex in 878 - Sugarloaf, Port Colborne. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 56 West Street have?
56 West Street has 5 bedrooms and 5 bathrooms. The listing gives the style as 3-storey.
Does 56 West Street have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. The driveway adds 5 spaces. In total the listing counts 7 parking spaces.
Does 56 West Street have a finished basement?
The listing describes the basement as unfinished, full.
What style of home is 56 West Street?
56 West Street is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 56 West Street, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 56 x 165 ft.
How is 56 West Street heated and cooled?
Heating is water (gas). Cooling is window unit(s).
What are the property taxes for 56 West Street?
Property taxes are $8,985 a year (2025), or about $749 a month.
Where is 56 West Street?
56 West Street is in the 878 - Sugarloaf community of Port Colborne. The nearest main intersection is West St. & Sugarloaf St.. The postal code is L3K 4C8.
Is 56 West Street still for sale?
Yes. It is an active listing (MLS® X13134542). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 56 West Street asking?
Similar properties for sale nearby right now include 101 Tennessee Avenue at $1,495,000 (4 bed), 735 Lakeshore Road E at $1,999,999 (5 bed) and 839 E Lakeshore Road at $2,500,000 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 56 West Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 56 West Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 878 - Sugarloaf, picked by style, size and price.
Detached home$1,495,000101 Tennessee Avenue, Port Colborne4 bed · 3 bath · 878 - SugarloafCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →
Detached home$1,999,999735 Lakeshore Road E, Port Colborne5 bed · 3 bath · 874 - SherkstonCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →
Detached home$2,500,000839 E Lakeshore Road, Port Colborne5 bed · 5 bath · 874 - SherkstonCourtesy of: SAM MCDADI REAL ESTATE INC.View home →Courtesy of: ROYAL LEPAGE NRC REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.