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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).
Property details
- Property type
- Multiplex
- Style
- 3-Storey
- Approx. age (yrs)
- 100+
- Total rooms
- 15
- Lot size
- 56 × 165 ft
- Property taxes
- $8,985 (2025)
- Occupancy
- Immediate if assuming tenants
- Days on market
- 162
- Status
- Active
- MLS®
Property history
Location
Open in Google MapsRecently sold nearby
Listing data last updated: Oct 23, 2026, 10:37 a.m. EDT via TRREB IDX.
First listed: May 15, 2026, 12:10 p.m. EDT.