$1,200,000 FOR SALE

Commercial/Retail

Lot: 82.91 x 125 ftTotal Area: 4,203 ft2
2023 Taxes: $10,854

227 Colborne St
Central Elgin, ON N5L 1C2 | Port Stanley | Elgin

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.

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Listed By ROYAL LEPAGE TRILAND REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8190932
Last Updated Jun 12, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Retail Store Related
Category Retail
PIN 352550264
Legal Description LT 4 & PT LT 3 E/S COLBORN ST PL 49 PORT STANLEY D
Occupancy Own+Ten
Possession Date FLEXIBLE
Taxes (2023) $10,854
Tax Type Annual
Directions/Cross Streets BRIDGE/JOSEPH
Neighbourhood Port Stanley
Area Elgin
Price History
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Detailed Information
Freestanding Y
Bathrooms 3
Lot 82.91 x 125 ft
Retail Area 3,563 ft2
Office/Apt Area 640 ft2
Total Area 4,203 ft2
Air Conditioning Y
Basement Y
Chattels Y
Garage Type None
Parking Spaces 6
Days Open 7
LLBO N
Employees 2
Heat Type Gas Forced Air Closd
Financial Statement Y
Sprinklers N
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Building
Zoning B1
Seller Property Info Statement N

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