290 Colborne Street
Central Elgin, N5L 1A9
FOR SALE
$1,200,000
➧
➧
Investment
CATEGORY 231 x 26.39
LOT SIZE X13730908
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Property Description
Amazing owner occupier or investment opportunity to own a Marina on Main Street in Port Stanley with 24 boats docks and an apartment on the harbour. This investment bring is a gross income of $86,280 per year with a long term tenant in place on the main floor, a office tenant in the lower level and yearly income from the 24 Boat Slips. Each boat slip is 30 Feet in Length that include Hydro and Water Hookups, Bathrooms and Shower access and Picnic Tables and Accessible Sitting Area. Asking $1,200,000 - 6.23% CAP RATE on Net income
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Property Details
Address
290 Colborne Street
Community
City
Postal Code
N5L 1A9
Property Type
Investment, Investment
Use
Apartment
Zoning
OS3 - Marina
Lot Size
231' x 26'
Acreage
6,096.1 Feet
Taxes
$5,600 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
Outside/Surface
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Listing contracted with Cbre Limited
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