227 Colborne Street Central Elgin, Ontario N5L 1C2
$1,300,000
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. $85,800 gross rents with the tenants absorbing a large part of TMI. 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:12178)
Property Details
| MLS® Number | X8285942 |
| Property Type | Business |
| Community Name | Port Stanley |
| Parking Space Total | 7 |
Building
| Appliances | Alarm System |
| Basement Type | Partial |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Security System |
| Fireplace Present | Yes |
| Foundation Type | Block |
| Size Interior | 4203 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | Unit=82.91 Ft |
| Size Total Text | Unit=82.91 Ft|under 1/2 Acre |
https://www.realtor.ca/real-estate/26828033/227-colborne-street-central-elgin-port-stanley
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May 14 2024 05:48:13
Toronto Real Estate Board
Royal LePage Triland Realty
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