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.
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
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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
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