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Est. payment /mo
Active
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
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
State ON
County Elgin
Area Elgin
Zoning RS-4
Interior
Cooling Yes
Inclusions Fridge x 2, stove x 2, washer, dryer
Exterior
Utilities Available Yes
Lot Frontage 120.0
Lot Depth 132.0
Others
Security Features No
ParcelsYN No
Listed by RIGHT AT HOME REALTY