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    For Sale - 218 Joseph Street, Central Elgin, Ontario

    Est payment $8,163/mo
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    Views   3
    Time on Jump  59 day

    AI Summary *

    • Unique opportunity to own an income-producing property in downtown Port Stanley.
    • Modern commercial marketplace on the main floor with multiple vendor stalls.
    • Executive two-bedroom apartment above with a private terrace and gas fireplace.
    • Over $1,000,000 in recent improvements for a near-new condition asset.
    • Prime location with high pedestrian and vehicular traffic for visibility.




    Rare opportunity to acquire a landmark, income-producing property in the heart of port stanley's downtown core. The former port stanley fire hall has been extensively redeveloped into a modern commercial marketplace with an executive residential apartment above, creating a unique and diversified investment asset. The building comprises approximately 4,548 sq. Ft., including 3,019 sq. Ft. Of main-floor commercial space and a 1,529 sq. Ft. Two-bedroom residential apartment on the second level. Originally constructed in 1974, the property has undergone over $1,000,000 in recent capital improvements, effectively replacing all major building components and delivering a near-new condition asset. The main floor is 100% leased as a curated marketplace, featuring a central corridor layout with multiple vendor stalls, excellent pedestrian flow, providing walk-up access, and upgraded common areas including men's and women's washrooms. The space has been thoughtfully designed to support long-term tenancy, flexibility, and strong foot traffic. The upper-level apartment offers two bedrooms, two bathrooms, an open-concept kitchen with island, quality appliances, living area, private entrance, gas fireplace and a private outdoor terrace with gas bbq. Finishes are modern and professional, suitable for executive or long-term rental occupancy. Mechanical and electrical upgrades include 400-amp service, multiple hydro meters, generator, new hvac systems, new roof, new plumbing, accessibility improvements, and new stormwater pipe. The property is zoned b1 (business zone) and benefits from exceptional exposure to both pedestrian and vehicular traffic in port stanley's central business district. This is a stabilized, income-generating investment with additional upside through tenant turnover, rental optimization, and long-term appreciation in one of southwestern ontario's most sought-after waterfront communities. Financial information available upon execution of a confidentiality agreement.
    Listing IDX13473294
    Address218 Joseph Street
    CityCentral Elgin, Ontario
    Price$1,700,000
    Bath4 Full
    StyleCommercial Retail
    Land Size0.108
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Other

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    Listing Agency:  THRIVE REALTY GROUP INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    218 Joseph Street
    Central Elgin , Ontario
    4 $1,700,000
    Get more info