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Prime Downtown Location for Sale! This versatile 4-unit mixed-use property boasts a 3,000 sq/ft,1.5-story structure, offering 2 commercial units on the main level at the front and 2 residential units at the back. Each residential unit spans two levels with private patios, separate entrances, and parking. All tenants are on month-to-month leases. Commercial Units: Currently rented by a single retailer occupying both spaces. Features a full, unfinished basement with storage, laundry, and a staff washroom. Residential Units: South Unit (207): Approx. 1,100 sq/ft. Loft-style 1-bedroom+ den with vaulted ceilings, skylight, and plenty of storage. Tall kitchen cabinets, laundry room, and French doors lead to a private back patio. North Unit (209): Approx. 820 sq/ft. Open kitchen, living, and dining areas leading to a private back patio. Upstairs has two bedrooms, a four-piece bathroom, and abundant natural light.
Improvements: Vinyl windows, new metal roof(2019),reinforced floor joists/beams. Forced air gas furnaces (2019/2021),updated hot water tanks (2020/2022). Central AC, 2 mini-split AC units and separate hydro meters. Not heritage-designated.
City: Central Elgin
Neighborhood: Port Stanley
Purchase Price | $999000 |
Down Payment | $199800 |
Mortgage Insurance | $0 |
Total Mortgage | $799200 |
Mortgage Payment | $4925 |
Property Taxes | $692 |
Maintenance Fees | $0 |
Monthly Payment | $5617 |
Sold Comparables homes near 207/209 Main St, Central Elgin
Located at 207/209 Main St , this Central Elgin house is available for sale. This property was listed for $999,000 on Wed Sep 18 2024. This house's size is 2500-3000 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: Living, Kitchen, Dining, Prim Bdrm, Br, Bathroom, Laundry, Kitchen, Living, Br, Bathroom, Family. This property comes with 14 parking spots. 207/209 Main St, Central Elgin is situated in the Port Stanley neighbourhood.
MLS#: X9356172 · $999,000 · 3 bedroom house in Port Stanley, Central Elgin