46349 SPARTA LINE,Central Elgin (Sparta),Ontario,N0L2H0
For sale
$699,000
46349 SPARTA LINE,Central Elgin (Sparta),Ontario,N0L2H0
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:63658)
PROPERTY SUMMARY
| MLS® # | : | X13865410 |
| Listing price | : | $699,000 |
| Listed on | : | 15-10-2026 |
| Property subtype | : | For sale |
| Square footage | : | 3500 sqft |
| Year built | : | 0000 |
| Listing office | : | RIGHT AT HOME REALTY |
BEDROOM & BATHROOM
| Total bedrooms | : | 0 Bedrooms |
| Total bathrooms | : | 0 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : |