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62 WEST Street, Port Colborne, ON L3K 4C8

Investment
$649,900

An exceptional opportunity to acquire a canal-front property with commercial and mixed-use potential. Ideally situated along the scenic Welland Canal Promenade and Historic West Street, Captain's Quarters offers a rare combination of waterfront exposure, tourism appeal, and flexible development opportunities. Currently operating as a successful short-term rental property, this fully winterized 3-bedroom cottage is rich in character, featuring pine plank flooring, French doors, a cozy gas fireplace, and canal views. Two upper-level bedrooms open onto private balconies overlooking the Welland Canal, providing front-row views of international vessels passing by-a unique attraction that continues to draw visitors year-round. A separate attached one-bedroom guest suite at the rear of the property offers additional income potential, staff accommodations, or private owner quarters. The expansive lot provides room for future expansion or redevelopment, subject to municipal approvals, further enhancing the property's long-term investment value. Located just steps from Port Colborne's vibrant downtown, the property is within walking distance of restaurants, shops, marina, and waterfront park, benefiting from strong pedestrian traffic and a thriving visitor economy. Zoned for a variety of potential commercial uses, the property presents an excellent opportunity for investors, entrepreneurs, hospitality operators, or developers. As the property is currently utilized as a short-term rental, there is flexibility to establish market rental rates. Buyers may also benefit from available municipal and regional improvement grant programs designed to encourage investment and redevelopment. Whether you continue its successful hospitality operation, establish a boutique commercial venture, or explore future development opportunities, 62 West Street is a unique waterfront investment in one of Niagara's most desirable canal-front locations.

MLS number
X13474848
Type
Investment
Status
Active
Bedrooms
Bathrooms
2
Postal code
L3K 4C8
Photos
28
Property tax
$3,283 / year
82days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 5 times.

Sale history is for registered usersSee what this address sold for and when, across all 5 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
DeWitt Carter Public School
DSB Niagara
Elementary1.1 km8.9 / 10
89% met the standard
Steele Street Public School
DSB Niagara
Elementary972 m8.5 / 10
85% met the standard
Port Colborne High School
DSB Niagara
Secondary1.1 km7.9 / 10
79% met the standard · 2 of 6 measures
McKay Public School
DSB Niagara
Elementary1.3 km7.7 / 10
77% met the standard
Lakeshore Catholic High School
Niagara CDSB
Secondary1.7 km6.8 / 10
68% met the standard · 2 of 6 measures
ÉÉC Saint-Joseph
CS catholique MonAvenir
Elementary1.8 km9.0 / 10
90% met the standard · 3 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 448 people.

$55,600Median household income
54.3%Own their home
55.6%Detached houses
50.4Median age
9.5%Born outside Canada
12.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260208 — the few blocks around this address, home to 448 people. It describes the area, not this property.

448Population
46.8Average age
2Household size
$56,000Average household income
$55,600Median household income
54%Own their home
46%Rent
0%Condominiums
10%Born outside Canada
12%University degree
$395,000Average home value
20%Low income
28%Never married
$10,000 to $14,9992%
$15,000 to $19,9996%
$20,000 to $24,9996%
$25,000 to $29,9998%
$30,000 to $34,9996%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9994%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over17%
$100,000 to $124,9999%
$125,000 to $149,9994%
$150,000 to $199,9992%
$200,000 and over2%

Percentages are of the 265 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$129,980 · minimum here is $39,990
$2,877.62per month
Borrowed before insurance$519,920
Total borrowed$519,920
Interest over 25 years at 4.5%$343,365

If you rented it out

-$3,151.20per month out of pocket
Rent$0.00
Everything it costs to hold$3,151.20
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE NRC REALTY. Listing data provided by the Toronto Regional Real Estate Board.