aerial view of residential area Features: residential view

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view of front of home with a porch and a shingled roof Features: awning, porch

view of commercial property Features: awning

exterior space with roof with shingles and mansard roof Features: awning

view of side of property featuring concrete block siding and a yard Features: lawn, central ac, patio

view of outdoor structure Features: fence, lawn

view of garage Features: smoke carbon monoxide detector

basement with carpet flooring and track lighting Features: carpet, track lighting

view of misc room Features: french doors, natural light

view of miscellaneous room Features: natural light, smoke carbon monoxide detector

miscellaneous room featuring carpet flooring, rail lighting, and a paneled ceiling Features: natural light, drop ceiling, carpet, track lighting

bonus room with light wood-style floors and vaulted ceiling Features: vaulted ceiling, hardwood floor, vent, natural light

living room with light wood-style floors and baseboards Features: tv, hardwood floor, vent, natural light

living room with light wood-type flooring and track lighting Features: natural light, microwave, hardwood floor, tv, track lighting

kitchen with decorative backsplash, stainless steel microwave, dark brown cabinets, and dark tile patterned flooring Features: sink, shaker cabinets, microwave, tile floor, dark brown cabinets, backsplash, natural light, stone countertops

office area featuring vaulted ceiling, light wood-style floors, and wooden walls Features: wood wall, vaulted ceiling, hardwood floor, microwave

home office featuring vaulted ceiling and wooden ceiling Features: vent, natural light

laundry area featuring a paneled ceiling, stacked washer / dryer, wooden walls, and concrete flooring Features: stacked washer dryer, refrigerator, microwave, concrete floor, drop ceiling, laundry, wood wall

bathroom with ornamental molding and vanity Features: crown molding, mirror, vanity, sink

view of storage room Features: electric panel

half bathroom featuring vanity, lofted ceiling, and wood finished floors Features: sink, vanity, hardwood floor, mirror, toilet, vaulted ceiling

view of miscellaneous room Features: vent

miscellaneous room with track lighting, dark colored carpet, plenty of natural light, and a paneled ceiling Features: natural light, carpet, track lighting, drop ceiling, tv

view of misc room Features: natural light

spacious closet with light carpet Features: carpet, drop ceiling

spacious closet featuring carpet floors and a chandelier Features: carpet, tv, drop ceiling, notable chandelier, barn door

aerial view of residential area featuring a large body of water Features: residential view, forest view, water view

aerial overview of property's location featuring a large body of water, a notable bridge, and nearby suburban area Features: residential view, water view, bridge view

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For Sale - 227 Colborne Street, Central Elgin, Ontario

227 Colborne Street

Central Elgin , Ontario

3 $850,000

Est payment $4,213/mo

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Time on Jump 139 day

AI Summary *

Landmark building in a prime downtown location with high visibility.
Four commercial units plus a popular residential apartment for steady income.
Over 4000 square feet of rentable space for various business opportunities.
Potential to acquire a reputable retail business alongside the property.
Strategic position in a growing area with exciting future developments.

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Down Payment:
$ 42,500 ( 5% )

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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.

Listing IDX12249455

Address227 Colborne Street

CityCentral Elgin, Ontario

Price$850,000

Bath3 Full

StyleCommercial Retail

TypeIndustrial/Commercial

StatusFor Sale

Extras

Subtype Commercial RetailBasement 1Heating / Cooling Gas Forced Air Closed

Market Info

Listing Agency:
ROYAL LEPAGE TRILAND REALTY

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Listing Agency:
ROYAL LEPAGE TRILAND REALTY

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For Sale - 227 Colborne Street, Central Elgin, Ontario

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Market Info

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