56 WEST STREET, Port Colborne (Sugarloaf)

$1,995,000

For sale: Multiplex

Multiplex at 56 WEST STREET, Port Colborne (Sugarloaf)
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). Can also be purchased with neighbouring property at 62 West St - known as the 'Captains Quarters Guest Suites' (MLS X12983494)

Sold data

Homes in Port Colborne (Sugarloaf) — recent sold market

Homes in Port Colborne (Sugarloaf) took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 66, across 72 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.

The median sale price was $474,950.

Homes sold for about 4.1% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$474,950
Sale-to-list ratio
95.9%
Sold above asking
7%

Based on 72 recorded sales in the last 90 days — 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