650 Main Street, Port Colborne, ON
L3K 3X2
Listed November 11, 2026
About this property
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!
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Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 650 Main Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$379,998 · Minimum $379,998
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From the listing (2026 tax bill).
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One-time costs
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Estimated monthly cost of ownership
$10,265/mo
About $123,180 a year
- $8,404
- $1,861
Cash needed to close
- Down payment (20%)
- $379,998
- Ontario land transfer tax
- $34,475
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $416,973
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
650 Main Street, Port Colborne, ON
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Last Updated: November 11, 2026
Listing Office: M5V Elite Realty Group
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