Space
Finished area and layout
- Building Area
- 3,500 sqft





Property Snapshot
MLS #X13865410
Finished area and layout
Type, style and structure
Land, frontage and setting
This commercial retail in Central Elgin offers 3,500 sqft of building area on a Bldg=120 x 132 FT lot. The property has zoned RS-4. The home features yes.
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. (id:60351)
From Quaker Road
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Price, taxes and monthly charges
Listed by JEFF WEST, RIGHT AT HOME REALTY
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Listed by JEFF WEST, RIGHT AT HOME REALTY · MLS# X13865410
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