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227 Colborne Street

Central Elgin, ON N5L 1C2

ActiveFor Sale
0 Beds
3 Baths
4,203 Sq Ft
Commercial
Virtual Tour Available

About This Property

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

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size4,203 sq ft
Bedrooms0
Bathrooms3
Postal CodeN5L 1C2
Last UpdatedAug 8, 2026 · 7:31 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12249455

Listed by ROYAL LEPAGE TRILAND REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$850,000

asking price

MLS®X12249455
TypeCommercial
CityCentral Elgin
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$4,151

/month · $680,000 mortgage

Down Payment20% — $170,000
Interest Rate5.5%

Amortization

Total Interest

$565,199

Total Cost

$1,245,199

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

ROYAL LEPAGE TRILAND REALTY