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$1,700,000
Ontario,Central Elgin (Port Stanley)
For Sale Active
218 JOSEPH STREET, Central Elgin (Port Stanley), Ontario N5L1C4
  • 4
  • 4,548 Sqft
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Basic Details
Description

Rare opportunity to acquire a landmark, income-producing property in the heart of Port Stanley’s downtown core. The former Port Stanley Fire Hall has been extensively redeveloped into a modern commercial marketplace with an executive residential apartment above, creating a unique and diversified investment asset.The building comprises approximately 4, 548 sq. ft., including 3, 019 sq. ft. of main-floor commercial space

and a 1, 529 sq. ft. two-bedroom residential apartment on the second level. Originally constructed in 1974, the property has undergone over $1, 000, 000 in recent capital improvements, effectively replacing all major building components and delivering a near-new condition asset.The main floor is 100% leased as a curated marketplace, featuring a central corridor layout with multiple vendor stalls, excellent pedestrian flow, providing walk-up access, and upgraded common areas including men’s and women’s washrooms. The space has been thoughtfully designed to support long-term tenancy, flexibility, and strong foot traffic.The upper-level apartment offers two bedrooms, two bathrooms, an open-concept kitchen with island, quality appliances, living area, private entrance, gas fireplace and a private outdoor terrace with gas BBQ. Finishes are modern and professional, suitable for executive or long-term rental occupancy. Mechanical and electrical upgrades include 400-amp service, multiple hydro meters, generator, new HVAC systems, new roof, new plumbing, accessibility improvements, and new stormwater pipe. The property is zoned B1 (Business Zone) and benefits from exceptional exposure to both pedestrian and vehicular traffic in Port Stanley’s central business district.This is a stabilized, income-generating investment with additional upside through tenant turnover, rental optimization, and long-term appreciation in one of Southwestern Ontario’s most sought-after waterfront communities. Financial information available upon execution of a confidentiality agreement. (id:62783)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X13473294
  • Price: $1,700,000
  • Bathrooms: 4
  • Square Footage: 4,548 Sqft
  • Status: Active
  • Property Sub Type: Retail
  • Office Key: 291170
Features & Appliances
Features
  • Heating System: Forced air, Natural gas, Other
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Central Elgin (Port Stanley), N5L1C4
  • Street: Joseph
  • Street Number: 218
  • Street Suffix: Street
  • Longitude: W82° 47' 18.9''
  • Latitude: N42° 39' 57.3''
Additional Information
  • Water Source:
  • Business Type: Retail and Wholesale
  • Lot Size Dimensions: 0.108
Financial
  • Tax Annual Amount: 7842.3
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Listing updated: 2026-06-28 07:21:11
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Listing Information
  • List Agent Key: 1993360
  • List Office Key: 291170
  • Modification Timestamp: 2026-06-22T21:30:08Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-06-22T21:22:11Z
Powered by REALTOR.ca
Listing updated: 2026-06-28 07:21:11
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