$ 1,700,000
218 Joseph Street
218 Joseph Street, Central Elgin, ON N5L1C4 Photo 1
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218 Joseph Street, Central Elgin

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:1945)
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Property details for 218 Joseph Street, Central Elgin

Type
Commercial
Bathrooms
4
Living Area
4,548 square feet
Lot Size
0.108
Heating
Forced air, Natural gas, Other
Cooling
Fully air conditioned
Annual Taxes
$7,842

Nearby Listings Stat

Estimated price and comparable properties near 218 Joseph Street

Active Listings
1
Min Price
$1,700,000
Max Price
$1,700,000
Avg Price
$1,700,000
Days on Market
87
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Neighbourhood Census Data

Central Elgin, Ontario

Population
576
Median Age
59.4
Median Income
$37,760
Dwelling Value
$383,334

Housing Tenure

Owners 79%
Renters 19%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2
Pop. Density: 639.9/km²
Avg Shelter Cost: $1,303/mo
Owners with Mortgage: 51%
Owners Spending 30%+: 16.3%
Tenants Spending 30%+: 46.2%
English only: 92.2%
English and French: 7.8%
Median Household Income: $71,424
Median Employment Income: $25,792

Price History

Listed
June 22, 2026
by THRIVE REALTY GROUP INC.
Current Price
$1,700,000
Type
Commercial
For Sale
218 Joseph Street

Contact Agent Get in touch about 218 Joseph Street, Central Elgin

JAMES MCGUIRE
JAMES MCGUIRE
THRIVE REALTY GROUP INC.

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