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227 Colborne Street
47.05.0004 Central Elgin N5L 1C2

$1,200,000 /For Sale
Commercial

Main Photo: 227 Colborne Street in Central Elgin: 47.05.0004 Property for sale : MLS®# X8190932
Photo 1: 227 Colborne Street in Central Elgin: 47.05.0004 Property for sale : MLS®# X8190932
Photo 2: 227 Colborne Street in Central Elgin: 47.05.0004 Property for sale : MLS®# X8190932
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Photo 23: 227 Colborne Street in Central Elgin: 47.05.0004 Property for sale : MLS®# X8190932
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X8190932
Bus Major:
Retail Store Related
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.
BRIDGE/JOSEPH
352550264
Property Type:
Commercial
Commercial Type:
Commercial/Retail
Depth:
125'
Frontage:
82'11"
Total Area:
4,203 sq. ft.
Office/Apt Area:
640 sq. ft.
Retail Area:
3,563 sq. ft.
Bathrooms:
3.0
Zoning:
B1
Heating type:
Gas Forced Air Closd
Basement:
Full
Garage:
None
Total Parking Spaces:
6
Possession Details:
FLEXIBLE
Taxes:
$10,854 / 2023
Assessment:
$- / -
Utilities:
Y
Water supply:
Municipal
Seller Property Info Statement:
No
Air Conditioning:
Y
Chattels:
Yes
Log/Bldg/Unit Code:
Building
Sprinkler system:
No
Type Taxes:
Annual
Category:
Retail
Major Business Type:
Retail Store Related
Days Open:
7
Employees:
2
Financial Statements:
Yes
Franchise:
No
Freestanding:
Yes
LLBO:
No
Date Listed:
Apr 02, 2024
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE TRILAND REALTY
Data was last updated December 12, 2024 at 11:55 PM (UTC)
Jason Froude,  REALTOR®
Carol Beute, REALTOR®
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.