$999,000
Available - For Sale
Listing ID: X9356174
207/209 Main St East , Central Elgin, N5L 1C4, Ontario
| Prime Downtown Location for Sale! This versatile 4-unit, mixed-use property offers a 3,000 sq/ft 1.5-story structure, with 2 commercial units at the front and 2 residential units at the back. Each residential unit has two levels, private patios, separate entrances, and parking. All tenants are on month-to-month leases. A single retailer rents both commercial spaces, which include an unfinished basement for storage, laundry, and a staff washroom. The South residential unit (207) is approx 1,100sq/ft and features a loft-style 1-bedroom + den with vaulted ceilings, skylight, and a private back patio. The North residential unit(209) is approx 820 sq/ft and offers an open kitchen, living and dining space leading to a private patio, two bedrooms, and a four-piece bathroom upstairs. Building improvements include a new metal roof (2019) updated furnaces (2019 & 2021) hot water tanks(2020 & 2022), and separate hydro meters. Not heritage-designated, this property offers potential for future development. |
| Price | $999,000 |
| Taxes: | $8307.84 |
| Tax Type: | Annual |
| Assessment: | $337000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 207/209 Main St East , Central Elgin, N5L 1C4, Ontario |
| Postal Code: | N5L 1C4 |
| Province/State: | Ontario |
| Legal Description: | LOT 17 E/S MAIN ST PLAN 49, PART OF LOT |
| Lot Size: | 90.00 x 144.00 (Feet) |
| Directions/Cross Streets: | Jamieson |
| Category: | Multi-Use |
| Use: | Retail Store Related |
| Building Percentage: | Y |
| Total Area: | 2895.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 970 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Rec Centre |
| Approximatly Age: | 100+ |
| Financial Statement: | Y |
| Chattels: | N |
| Insurance Expense: | $5726 |
| Gross Income/Sales: | $50520 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | N |
| Washrooms: | 3 |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Soil Test: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | San+Storm |
| Water: | Municipal |
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| STREETCITY REALTY INC. |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Elgin |
| Municipality: | Central Elgin |
| Neighbourhood: | Port Stanley |
| Lot Size: | 90.00 x 144.00(Feet) |
| Approximate Age: | 100+ |
| Tax: | $8,307.84 |
| Maintenance Fee: | $969 |
| Baths: | 3 |
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