The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,368/mo
Mortgage (principal + interest)$2,095
Property taxFrom listing: $3,283/yr$274
Minimum $30,990 down for this price; the slider moves in whole percent, starting at 6%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$111,980
Ontario land transfer taxProvincial brackets, no first-time refund$7,673
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$122,453
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Port Colborne has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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