$999,000 FOR SALE

Commercial/Retail

Lot: 90 x 144 ftTotal Area: 2,895 ft2
2023 Taxes: $8,307.84Maintenance Fees: $969

207/209 Main St E
Central Elgin, ON N5L 1C4 | Port Stanley | Elgin

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.

Share

Listed By STREETCITY REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9356174
Last Updated Sep 18, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Retail Store Related
Category Multi-Use
PIN 352530135
Legal Description LOT 17 E/S MAIN ST PLAN 49, PART OF LOT 16 E/S MAIN ST PLAN 49 PORT STANLEY DESIGNATED AS PARTS 1 TO 4, 11R5354; S/T E330215; S/T E330215; CENTRAL ELGIN
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $8,307.84
Tax Type Annual
Maintenance Fees $969
Assessment (2024) $337,000
Directions/Cross Streets Jamieson
Neighbourhood Port Stanley
Area Elgin
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Bathrooms 3
Lot 90 x 144 ft
Retail Area 970 ft2
Total Area 2,895 ft2
Approximate Age 100+
Elevator None
Air Conditioning Y
Basement Y
Chattels N
Garage Type None
Parking Spaces 14
Heat Type Gas Forced Air Open
Financial Statement Y
Gross Income/Sales $50,520
Insurance Expense $5,726
Year Expenses $2,023
Expenses Actual/Estimated Est
Outside Storage N
Area Influences Rec Centre
Soil Test N
Sprinklers N
Sewers San+Storm
Utilities Y
Water Municipal
UFFI No
Crane N
Rail N
Survey Y
Lot/Bldg/Unit Code Lot
Zoning B1
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.