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227 Colborne Street
Port Stanley Central Elgin N5L 1C2

$850,000 /For Sale
Commercial

Main Photo: 227 Colborne Street in Central Elgin: Port Stanley Commercial for sale : MLS®# X12249455
Photo 1: 227 Colborne Street in Central Elgin: Port Stanley Commercial for sale : MLS®# X12249455
Photo 2: 227 Colborne Street in Central Elgin: Port Stanley Commercial for sale : MLS®# X12249455
Photo 3: 227 Colborne Street in Central Elgin: Port Stanley Commercial for sale : MLS®# X12249455
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Photo 25: 227 Colborne Street in Central Elgin: Port Stanley Commercial for sale : MLS®# X12249455
Photo 26: 227 Colborne Street in Central Elgin: Port Stanley Commercial for sale : MLS®# X12249455
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Photo 29: 227 Colborne Street in Central Elgin: Port Stanley Commercial for sale : MLS®# X12249455
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12249455
Bus Major:
Retail Store Related
This is a rare opportunity to acquire a landmark mixed-use investment property spanning two adjoining downtown storefront buildings in one of Port Stanley's most visible and heavily trafficked commercial corridors. Connected internally by a small bridge but presenting as two distinct street-facing buildings, the property offers exceptional frontage, strong signage exposure, and long-term leasing flexibility at a signalized intersection along a high-traffic county roadway with consistent pedestrian activity.The property includes multiple commercial units plus a highly sought-after downtown residential apartment, totaling over 4,000 square feet of rentable area. The building is currently transitioning through an anchor tenant changeover, creating a unique opportunity for an incoming owner to secure a new flagship commercial tenant or reconfigure the space to maximize future rental income. Downtown Port Stanley continues to experience strong demand for well-located commercial space driven by tourism, population growth, and expanding regional employment opportunities.There is also an optional opportunity to acquire the established Apropos retail business alongside the real estate. Apropos is a recognized Port Stanley boutique brand with longstanding community presence, strong repeat clientele, and significant transferable goodwill.Flexible permitted uses under current zoning provide multiple pathways for future repositioning or value-add strategies. With continued regional economic expansion anticipated alongside the Volkswagen EV Gigafactory development, Port Stanley is positioned for sustained commercial and residential demand growth.Opportunities to control this level of downtown frontage, scale, and visibility are limited, making this an ideal acquisition for investors or owner-operators seeking long-term upside in one of Southwestern Ontario's most desirable lakefront markets.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
4203 sq. ft. Square Feet
Total Area:
4,203 sq. ft.
Retail Area:
3563 sq. ft. Sq Ft
Office/Apt Area:
640 sq. ft. Sq Ft
Lot Depth:
125'
Lot Frontage:
82'11"
Bathrooms:
3.0
Water supply:
Municipal
Zoning:
B1
Heating type:
Gas Forced Air Closed
Garage:
None
Parking Spaces:
6
Possession Details:
immediate
HST Applicable To Sale Price:
In Addition To
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$10,854 / 2024
Assessment:
$- / -
Elgin
Central Elgin
Port Stanley
No
Apartment fridge
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Retail Store Related
Category:
Retail
Franchise:
No
Days Open:
Open 7 Days
Date Listed:
Jun 27, 2025
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE TRILAND REALTY
Data was last updated March 26, 2026 at 12:15 PM (UTC)
Jason Froude,  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 PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.