Waterfront - Situated along the canal-side Promenade in downtown Port Colborne, 'Cornerstone' 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 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. Can also be purchased with neighbouring property at 62 West St - known as the 'Captains Quarters Guest Suites' (MLS X12983494)
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
3-Storey
Approx. Age:
100+
Total Approx Floor Area:
3500-5000
Lot Depth:
165'50.3 m
Lot Frontage:
56'17.1 m
Lot Shape:
Rectangular
Direction Faces:
West
Bedrooms:
5
Bathrooms:
5.0
Water supply:
Municipal
Kitchens:
5
Bedrooms Above Grade:
5
Kitchens Above Grade:
5
Rooms Above Grade:
15
Fractional Ownership:
No
Zoning:
DC
Assignment:
No
Heating type:
Water
Heating Fuel:
Gas
Foundation:
Stone
Roof:
Asphalt Shingle
Basement:
Unfinished, Full
Fireplace/Stove:
Yes
Alternative Power:
None
Garage:
Detached
Garage Spaces:
2.0
Parking Features:
Private
Parking Spaces:
5
Total Parking Spaces:
7.0
Family Room:
No
Possession Details:
Immediate if assuming tenants
Pool:
None
HST Applicable To Sale Price:
In Addition To
Taxes:
$8,985 /
2025
Assessment:
$- /
-
Niagara
Port Colborne
878 - Sugarloaf
Storage
Deck, Porch, Year Round Living
Carbon Monoxide Detectors, Smoke Detector, Other
Unknown
hot water heater
5 fridges, 5 stoves, 5 microwaves, 5 washers, 5 dryers, Ring security camera, furnishings (4 units), 6 window a/c units, interconnected smoke detectors, 6 fire extinguishers, all light fixtures and window coverings as seen on real property
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