$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.
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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

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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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