$285.51 Per Sq Foot $6,442 est/mo Sourced by Back At You

227 Colborne Street,Port Stanley, ON N5L 1C2

Port Stanley ON, N5L 1C2

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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. $85,800 gross rents with the tenants absorbing a large part of TMI. 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.

Details

MLS#40554023
Listing TypeFor Sale
Building NameApropos
Sub-TypeResale
StatusActive
Days On Site52
Listing Provided ByROYAL LEPAGE TRILAND REALTY | Ryan Robert Featherstone

Features

SQ Feet4,203
BasementY
Story(s)2
ZoningB1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
CountyElgin
CityPort Stanley
Postal CodeN5L 1C2
AreaCentral Elgin
SubareaPort Stanley
Community NamePort Stanley
Listing VS Median (in Port Stanley)
Price:
$1,200,000
low | high
Med:
$727,400
89.383333333333% of Average
SqFt:
4,203
low | high
Med:
1,288
100% of Average
$ / SqFt:
$286
low | high
Med:
$565
47.989584339623% of Average
On Site:
52
low | high
Med:
98
53.061224489796% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:52:19 PM PDT
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