$1,899,999
FOR SALE

Multiplex

Lot: 130 x 457.25 ft

520 Main Street W
Shelburne, ON L0N 1S6

For Sale by Owner. Click on "More Information" Link Below. Refined & Investor-Focused For Sale: Fully Tenanted 9-Plex on 2.8 Acres - Prime Main Street Frontage, Shelburne. Rare opportunity to acquire a fully tenanted, cash-flowing 9-unit apartment building situated on an expansive 2.8-acre parcel in the rapidly growing Town of Shelburne. This well-maintained, two-storey building offers immediate income with long-term upside, making it ideal for investors seeking stability today and development potential tomorrow. Property Highlights: 9 Residential Units Total. 5 Two-Bedroom Units. 3 One-Bedroom Units. 1 Bachelor Unit. Approx. 6,800 sq. ft. of rentable area. Built in 1978. Metal Roof. Individually Metered Hydro. Municipal Water. Recently Updated Septic System.Updated Fire Alarm & Smoke Detection. System Coin Laundry Income (~$4,000 annually) 10+ On-Site Parking Spaces. Main Street West Frontage. Financial Overview: Current Gross Income: Over $12,000/month. Annual Gross Income: ~$144,000+ Strong Upside to Market Rents. Low Utility Exposure due to separate metering. Taxes: $17,582.20. Hot Water Tanks: Rentals at $44.78/month (both. Zoning & Future Potential: The property is located within one of Shelburne's largest designated development areas, offering compelling long-term land-banking potential. The site is already on municipal water and is in close proximity to municipal sewers, positioning it well for future redevelopment subject to buyer due diligence and municipal approvals. Shelburne continues to experience sustained population growth and residential demand, making this an excellent opportunity to hold, improve cash flow, and position for future value creation. Showing Instructions: No interior showings prior to an accepted conditional offer. 48-hour irrevocable on all offers. Financials available to qualified buyers (id:47421)
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Listed By Enas Awad
Data Provided By Niagara Association of REALTORS®
MLS® Listing Number X12733634
Last Updated May 24, 2026
Property Summary
Property Type Multiplex

More like this:
Use Apartments
Community Shelburne
Price History

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Detailed Information
Lot 130 x 457.25 ft
Amenities Nearby Highway
Equipment Water Heater
Features Irregular lot size
Listing Contract Date 2026-01-27
Location Description Cross Streets: Main St W & 4th line. ** Directions: From Shelburne Centre West on Main St W.
# of Parking Spaces 10
Property Type Multi-family
Rental Equipment Water Heater
Transaction Type For sale
Zoning Description D
Business
Business Type Residential
Business Subtype Apartments
Building
Cooling Type None
Heating Type Baseboard heaters
Type Multi-Family
Utility Water Municipal water
Land
Total Size 2.785 acres
Acreage Yes
Amenities Highway
Sewer Septic System
Size of Irregular Land 2.785

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