For Sale

227 Colborne Street, Central Elgin, Ontario N5L 1C2

$850,000

227 Colborne Street, Central Elgin, Ontario N5L 1C2 is For Sale and has a listing price of 850,000. The property is located in the Central Elgin neighbourhood . It's been on the website for 230 Days.

  • 3
    Bathrooms
  • MLS ID: X12249455
  • Office Name ROYAL LEPAGE TRILAND REALTY
Property 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.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12249455
  • Price: $850,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 125
  • Ref ID: X12249455
  • Dir / Cross St: BRIDGE/JOSEPH
  • Status: Active
  • Tax Year: 2024
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
06/27/2025 X12249455 $850,000 For Sale - -
04/02/2024 X8190932 $1,200,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Central Elgin
  • $885,651 Average List Price
    based on 1 year
  • 59 New Listings
    based on 30 days
  • 81 Median Days on Market
    based on 1 year
  • List vs. Selling Price 128.74 % Up
  • Sold (12mo) 146
  • Rented (12mo) 13

  • 1 Month Change -
  • 3 Month Change +81.8%
  • 6 Month Change +9.4%
Walkscore
Property Type Distribution
  • All Houses
    83.39%
  • Commercial
    6.02%
  • Condo
    10.48%
  • Land for Sale
    0.11%
Additional Details
  • Heat Type Y
  • Washroom Type1: 3
  • Garage Type Y
  • Parking Spaces: 6
  • Taxes: $10,854
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: immediate
  • Listing Entry Date: 27/06/2025 14:16:03
Want to see this property?