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$ 699,000
Est. payment /mo
New
46349 Sparta Line Central Elgin, ON N0L 2H0
3,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $199
Subdivision Sparta
MLS Listing ID X13865410
Annual Tax Amount $5,748
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Excellent investment opportunity in the historic village of Sparta! This versatile five-unit commercial/residential property offers a great mix of income-producing space along with additional future potential. The main level features three separate commercial units, providing flexibility for a variety of businesses, professional services or retail uses. The second floor includes two residential apartments: a two-bedroom unit that is currently tenanted and a vacant one-bedroom unit, offering the opportunity for immediate occupancy or to select your own tenant. Also located on the second floor is a large unfinished open space that may offer potential for an additional residential unit or other use, subject to municipal approvals, zoning and required permits. The property offers ample on-site parking along with a large detached storage building at the rear, providing valuable additional space for tenants, owners or commercial users. An exceptional financing opportunity: the Seller is willing to consider a Vendor Take-Back (VTB) mortgage of up to 80% of the purchase price, subject to mutually acceptable terms and conditions. Further details are available to qualified interested parties. The current owner has resided the rear of the property, added a new accessible ramp and freshly painted the vacant apartment. With multiple income streams, a vacant residential unit, additional unfinished space and the potential for significant vendor financing, this is a unique opportunity for an investor or owner/operator looking to establish themselves in the charming community of Sparta.
Location
Province ON
County Elgin
Area Elgin
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 120.0
Lot Depth 132.0
Others
Security Features No
ParcelsYN No
Listed by RIGHT AT HOME REALTY