227 Colborne Street , Central Elgin, ON N5L 1C2
Central Elgin, ON N5L 1C2
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 Type | For Sale |
| Sub-Type | Resale |
| Status | Extension |
| Days On Site | 302 |
| Listing Provided By | ROYAL LEPAGE TRILAND REALTY | X8190932 355004 |
Features
| Bath(s) | 3 |
|---|---|
| SQ Feet | 4,203 |
| Acreage | 0.10 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Elgin |
| City | Central Elgin |
| Postal Code | N5L 1C2 |
| Area | Port Stanley |
| Listing VS Median (In N5L 1C2) | |
Price: $1,200,000 low | high Med: $1,200,000 SqFt: 4,203 low | high Med: 4,203 $ / SqFt: $286 low | high Med: $286 On site: 302 low | high Med: 302.000000 | |
