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Home ON Greater London Central Elgin
227 COLBORNE STREET
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227 COLBORNE STREET $1,200,000
$1,200,000
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227 COLBORNE STREET
Central Elgin (Port Stanley), Ontario N5L1C2

MLS® Number: X8190932
3
Bathrooms
4203
Square Feet

Listing 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. (34884275)

Location Description

BRIDGE/JOSEPH

Property Summary

Property Type
Retail
Square Footage
4203 sqft
Community Name
Port Stanley
Land Size
Bldg=82.91 x 125 FT
Annual Property Taxes
$10,854
Total Parking Spaces
6
Time on REALTOR.ca
261 days

Building

Bathrooms
Total
3
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Retail and Wholesale (Retail misc.)
Parking
Total Parking Spaces
6

Measurements

Square Footage
4203 sqft
Exterior Building Size
4203 sqft

Land

Lot Features
Frontage
82 ft ,10 in
Land Depth
125 ft
Other Property Information
Zoning Description
B1
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3
RYAN FEATHERSTONE