$1,200,000
( $285.51Per Sq Foot )
 $6,442 est/mo Sourced by Back At You

227 Colborne Street , Central Elgin, ON N5L 1C2

Central Elgin, ON N5L 1C2

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Description

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.

Details

MLS#X8190932
Listing TypeFor Sale
Sub-TypeResale
StatusExtension
Days On Site239
Listing Provided ByROYAL LEPAGE TRILAND REALTY | Not Provided

Features

Bath(s)3
SQ Feet4,203
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 26 minutes ago
StateON
CountyElgin
CityCentral Elgin
Zip CodeN5L 1C2
AreaPort Stanley
Listing VS Median (in N5L 1C2)
Price:
$1,200,000
low | high
Med:
$601,125
99.90625% of Average
SqFt:
4,203
low | high
Med:
2,602
88.103735427076% of Average
$ / SqFt:
$286
low | high
Med:
$144
99.60596875% of Average
On Site:
239
low | high
Med:
180.000000
100% of Average
Sourced by Back At You
Listing Updated: January 29, 2025 at 11:03:24 PM PST