Price ChangeFor Sale

227 Colborne Street
Central Elgin, Elgin, ON, N5L 1C2

Commercial Retail
TRREB
MLS® Number: X12249455
$850,000List Price
Commercial RetailProperty Type
4,203 sq ftSize
$10,854 / 2024Taxes (Annual)
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PRICE CHANGED
$850,000
Previously Listed For:
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Listing History

Buy/sell history for 227 Colborne Street, Central Elgin, ON N5L 1C2

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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.

Features

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Amenities

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Summary

Tax (Annual):$10,854 / 2024
Listing #:X12249455
Property Type:Commercial Retail
Size:4,203 sq ft
Land Size:82.91 x 125
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:ROYAL LEPAGE TRILAND REALTY

Rooms

Details

Property

Property Type:Commercial Retail
Community:Port Stanley
Municipality:Elgin

Building

Size:4,203 sq ft

Inside

Bedrooms:0
Bathrooms:3
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Closed

Land

Cross Street:BRIDGE/JOSEPH

$850,000

List price

227 Colborne Street, Central Elgin – Commercial Retail for sale