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$ 750,000
Est. payment /mo
New
227 Colborne ST Central Elgin, ON N5L 1C2
3 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Port Stanley
MLS Listing ID X12989366
Annual Tax Amount $10,854
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
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.
Location
Province ON
County Elgin
Area Elgin
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 82.91
Lot Depth 125.0
Others
Security Features No
ParcelsYN No
Listed by ROYAL LEPAGE TRILAND REALTY