227 Colborne St, Central Elgin, Ontario N5L 1C2

Listed for:
$1,300,000
0 beds
3 baths
Listed 36 days ago
227 Colborne St, Central Elgin, Ontario N5L 1C2

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Learn more about this property
Listing provided by:
ROYAL LEPAGE TRILAND REALTY
MLS® number:
X8190932
Agent:
Ryan Robert Featherstone
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About

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. (id:27476)

Property Highlights

Type
Cooling type
Fully air conditioned
Heating fuel
Fireplace
No
Construction material
Parking space
6
Ownership Type
Amenities nearby

Location