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). (id:374)
| MLS # | X13134542 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 170 |
| Listing Provided By | ROYAL LEPAGE NRC REALTY | Cindi Pohonick-Talbot |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,500 |
| Garage | 7 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | DC |
| Water Front | Yes |
| Property View | Direct Water View |
| Cooling | Window air conditioner |
|---|---|
| Heating | Natural gas |
| Appliances | Washer, Refrigerator, Stove, Dryer, Microwave, Window Coverings |
| Fireplace Yes / No | Yes |
| Security Features | Smoke Detectors |
|---|---|
| Foundation Details | Stone |
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 7 |
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 8985 |
|---|
| Province | ON |
|---|---|
| City | Port Colborne (Sugarloaf) |
| Postal Code | L3K4C8 |
| Listing VS Median (in L3K4C8) | |
Price: $1,995,000 low | high Med: $559,900 sqft: 3,500 low | high Med: 1,688 $ / sqft: $570 low | high Med: $332 On site: 170 low | high Med: 132 | |
| Province | ON |
|---|---|
| City | Port Colborne (Sugarloaf) |
| Postal Code | L3K4C8 |
| Listing VS Median (in L3K4C8) | |
Price: $1,995,000 low | high Med: $559,900 sqft: 3,500 low | high Med: 1,688 $ / sqft: $570 low | high Med: $332 On site: 170 low | high Med: 132 | |