56 WEST STREET, Port Colborne (Sugarloaf)
$1,995,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 5 bedrooms, 5 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X13134542
- Neighbourhood
- 878 - Sugarloaf
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).
Sold data
Homes in Sugarloaf — recent sold market
Homes in Sugarloaf took a median of 35 days to sell over the last 365 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 94, across 74 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $532,450.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 4% of sales closed above the list price.
Around 42% of sellers reduced their price before finding a buyer.
- Median days to sell
- 35
- Median sale price
- $532,450
- Sale-to-list ratio
- 96.7%
- Sold above asking
- 4%
Based on 74 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Port Colborne (Sugarloaf)
Port Colborne (Sugarloaf) has 10 Fraser Institute–rated schools (8 elementary and 2 secondary), averaging 6.8/10.
- Rated schools
- 10
- Elementary
- 8
- Secondary
- 2
- Average rating
- 6.8 / 10
Top-rated schools in Port Colborne (Sugarloaf)
- Steele Street — elementary, Port ColborneFraser rating 9.5/10
- Oakwood — elementary, Port ColborneFraser rating 8.8/10
- McKay — elementary, Port ColborneFraser rating 7.4/10
- St Patrick Catholic — elementary, Port ColborneFraser rating 7.3/10
- DeWitt Carter — elementary, Port ColborneFraser rating 7.1/10
- Port Colborne — secondary, Port ColborneFraser rating 6.5/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 56 WEST STREET
$1,999,999
Detached6+352,500–3,000 sqft74 MILLPOND ROAD, 105 - St. Davids, Niagara-on-the-Lake
$1,399,000
Detached5+142,500–3,000 sqft93 RIVERVIEW BOULEVARD, 461 - Glendale/Glenridge, St. Catharines
$1,999,999
Detached533,500–5,000 sqft735 LAKESHORE ROAD E, 874 - Sherkston, Port Colborne
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Detached543,500–5,000 sqft957 BEACH BOULEVARD, Hamilton Beach, Hamilton
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Detached5+153,000–3,500 sqft4 LOCKMAN DRIVE, Meadowlands, Hamilton
$2,500,000
Detached652,500–3,000 sqftLOT #5 - 11705 LAKESHORE ROAD, 880 - Lakeshore, Wainfleet
$1,699,000
Detached5+153,500–5,000 sqft77 POND VIEW GATE, Waterdown, Hamilton
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Detached553,500–5,000 sqft3713 NINETEENTH STREET, 980 - Lincoln-Jordan/Vineland, Lincoln