Using the Uri class, it seems to be working. It turns any file path to the `file:///..." syntax in the Uri. It handles any URI as expected, and it has capacity to deal with relative URIs. It depends on what else you are trying to do with that path.
(Updated to show the use of relative Uri's):
string fileName = @"c:\temp\myfile.bmp";
string relativeFile = @".\woohoo\temp.bmp";
string addressName = @"http://www.google.com/blahblah.html";
Uri uriFile = new Uri(fileName);
Uri uriRelative = new Uri(uriFile, relativeFile);
Uri uriAddress = new Uri(addressName);
Console.WriteLine(uriFile.ToString());
Console.WriteLine(uriRelative.ToString());
Console.WriteLine(uriAddress.ToString());
Gives me this output:
file:///c:/temp/myfile.bmp
file:///c:/temp/woohoo/temp.bmp
http://www.google.com/blahblah.html