46349 Sparta Line, Central Elgin

$699,000
46349 Sparta Line

$699,000

New
17d
Commercial Retail

46349 Sparta Line, Central Elgin

Total Monthly Obligation $3,674

Beds
0
Baths
0
Park
7
DOM
17d
Property Type-Commercial Retail
MLS® Number-X13865410
Beds-0
Lot Size-120 × 132 ft
Listed on site-Oct 6, 2026
Building Type-Commercial Retail
Taxes-$5,748 (2025)
Parking-None
Heating-Gas Forced Air Closed
Brokerage-RIGHT AT HOME REALTY
Cooling-Yes
Fireplace-No
Pool-None
Sewer-Septic
Possession-flexible
Neighbourhood-Sparta
Title-Commercial

No agent assigned

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.

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Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,674/mo
Mortgage $2,820
Monthly Loss $2,932
Principal$742
Interest$2,078
Property Tax$479
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 46349 Sparta Line

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