227 Colborne Street, Central Elgin, Ontario N5L 1C2

Listed for:
$1,200,000
0 beds
3 baths
Listed 124 days ago
227 Colborne Street, Central Elgin, Ontario N5L 1C2

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Learn more about this property
Listing provided by:
ROYAL LEPAGE TRILAND REALTY
MLS® number:
X8190932
Agent:
Ryan Featherstone
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About

BRIDGE/JOSEPH This is the opportunity of a lifetime to purchase a landmark building in an incredible downtown location in Port Stanley. The building is located at a stoplight location on a heavily trafficked county roadway. Expect plenty of walk-by traffic as well. 4 commercial units paying rent and a highly in-demand downtown residential apartment. Over 4000 square feet of rentable square footage. Rents are actualized and at market value. Net Rents approaching $85,000.There is also the opportunity to purchase the Apropos business as well as the building and land. The business is a high reputed, household name in Port Stanley that retails fine clothing and accessories. It comes with significant goodwill. There are plenty of allowable uses for the property under current zoning. Port Stanley is developing quickly ahead of the Volkswagen EV Gigafactory launch. This is a perfect place for a savvy investor to have their money go to work. (id:27476)

Property Highlights

MLS® Number
X8190932
Type
Retail
Community Name
Port Stanley
Land Size
Bldg=82.91 x 125 FT
Parking Space Total
6

Building

Square Footage
4203 sqft
Bathrooms Total
3
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water

Location