For Sale: 650 Main Street W, Port Colborne, ON - REW
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$1,899,990
0 bd • ba • 2 sf • Multifamily
650 Main Street W
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$1,899,990
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650 Main Street WPort Colborne, ON, L3K 3X2

  • 0 Bed
  • Bath
  • 2 Sqft
  • Multifamily

About this home

1.5 ACRES OF PRIME DEVELOPMENT LAND WITH AN OPERATING 17-UNIT MOTEL ON MAIN ST W IN PORT COLBORNE! A RARE TWO-IN-ONE OPPORTUNITY: COLLECT INCOME TODAY AND HOLD AN APPROVED DEVELOPMENT SITE FOR TOMORROW. ZONING APPROVED AS MIXED USE (MU), PERMITTING A 6-STOREY BUILDING WITH 95 RESIDENTIAL UNITS, 326 SQ M OF GROUND-FLOOR COMMERCIAL SPACE AND 132 PARKING SPACES. SITE PLAN AND ENGINEERING DRAWINGS AVAILABLE. THE EXISTING 17-UNIT MOTEL OFFERS VALUE-ADD UPSIDE: RENOVATE THE ROOMS TO DRIVE RATES AND OCCUPANCY AND EARN CASH FLOW WHILE THE DEVELOPMENT WAITS UNDERNEATH, OR BUY IT AS A DEVELOPMENT SITE AND BREAK GROUND! APPROX. 360 FT OF FRONTAGE ON HIGH-EXPOSURE MAIN ST W, WITHIN PORT COLBORNE'S BUILT-UP AREA, MINUTES FROM THE DOWNTOWN CORE. 7 MINUTES TO NICKEL BEACH, THE WELLAND CANAL AND LAKE ERIE, AND APPROX. PORT COLBORNE IS ON THE RISE WITH THE $1.56B ASAHI KASEI EV BATTERY SEPARATOR PLANT, THE FIRST OF ITS KIND IN CANADA, EXPECTED TO BRING 300+ JOBS TO THE REGION AND NEW DEMAND FOR HOUSING AND ACCOMMODATION. WHETHER YOU ARE A DEVELOPER, A HOSPITALITY OPERATOR OR A LONG-TERM INVESTOR, THE POSSIBILITIES ARE ENDLESS! (id:63626)
Listed by: PRISCILLA ELETHIA FACEY, Salesperson, Elite Realty Group Inc.

Home facts and features

Price details
List Price
$1,899,990
Get Pre-Approved
Gross Taxes for 2026
$22,337
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
130
Property Type
Multifamily
Lot Size
360 ft x 0 ft (1 ft²)
Depth
Frontage
360.9 feet
Heating Type
Forced air
Cooling
Fully air conditioned
Features
Irregular lot size
Agent details
Primary Agent
Primary Broker
Elite Realty Group Inc.
Listing details
Days on REW
1 Day
MLS® Number
X14172682
Source
Canadian Real Estate Association
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Property Insights

St John Bosco Catholic Elementary School
  • Catholic
  • JK - 8
St Patrick Catholic Elementary School
  • Catholic
  • JK - 8
Port Colborne High School
  • Public
  • 9 - 12
McKay Public School
  • Public
  • JK - 8
Steele Street Public School
  • Public
  • JK - 8
DeWitt Carter Public School
  • Public
  • JK - 8
Lakeshore Catholic High School
  • Catholic
  • 9 - 12
Oakwood Public School
  • Public
  • JK - 8
ÉÉC Saint-Joseph
  • Catholic
  • JK - 8
St Therese Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
PRISCILLA ELETHIA FACEY
Phone:
(905) 357-1700
Office:
416-238-9667
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