227 Colborne Street
Central Elgin, ON
- 3 bath
- 4,203 sqft
- Commercial Retail
- 429 days on market
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.
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Listing Details
- Taxes (2024)
- $10,854
- Originally Listed
- $998,000
- Listed
- June 27, 2025
Price History
Listing history
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Property
- Lot Size
- 82.91 x 125 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- BRIDGE/JOSEPH
- Zoning
- B1
- Parcel Number
- 352550264
- Possession
- 1-29 days
- Occupancy
- Tenant
Commercial
- Business Type
- Retail Store Related
- Office / Apartment Area
- 640 Sq Ft
Included
- Inclusions
- Apartment fridge
Community
Postal area N5L
- Population
- 3,714
- Private dwellings
- 2,003
- Median age
- 57.6
- Average household size
- 2.2
- Median household income
- $89,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Central Elgin · last 12 months
- Median sold price
- $625,150
- Homes sold
- 210
- Median days on market
- 38
- Sale-to-list price
- 96.9%
Based on 210 recorded sales of commercial properties in Central Elgin over the last 12 months.
Listed by
ROYAL LEPAGE TRILAND REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,203 sq ft
- Price per sq ft
- $202.24
- Annual property tax
- $10,854
- Tax per sq ft
- $2.58
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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