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
- Resort condo
- 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
- Condominium
- 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
- 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.
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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.
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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 resort condo in 878 - Sugarloaf, Port Colborne. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The listing does not show the maintenance fee, so ask for it and confirm the amount in the status certificate.
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. 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 resort condo. A resort condo trades the work of a cottage for a monthly fee; read the status certificate and check any rental pool rules.
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 cottages near 56 West Street asking?
Similar cottages 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 2391 Firelane 2 Road at $1,398,000 (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 cottages nearby
More cottages for sale near 878 - Sugarloaf, picked by style, size and price.
Waterfront cottage$1,495,000101 Tennessee Avenue, Port Colborne4 bed · 3 bath · 878 - SugarloafCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →
Waterfront cottage$1,999,999735 Lakeshore Road E, Port Colborne5 bed · 3 bath · 874 - SherkstonCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →
Waterfront cottage$1,398,0002391 Firelane 2 Road, Port Colborne5 bed · 2 bath · 874 - SherkstonCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →Courtesy of: ROYAL LEPAGE NRC REALTY
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.