46349 Sparta Line Central Elgin, Ontario N0L 2H0

$699,000

LIVE, WORK & INVEST IN HISTORIC SPARTA! An exceptional opportunity for entrepreneurs, business owners and investors looking to establish themselves in the heart of this charming village! This versatile five-unit commercial/residential property offers the unique opportunity to operate your own business while living upstairs and generating additional rental income.The main level features three separate commercial units, providing flexibility for retail, professional services or a variety of business ventures. The current anchor tenant, who occupies two commercial units, will be vacating December 31, 2026, creating an exciting opportunity for a new owner to establish or expand their own business, lease the spaces to new tenants or explore additional income potential.The second floor offers two residential apartments, including a tenanted two-bedroom unit and a vacant, freshly painted one-bedroom apartment, ideal for an owner/operator looking to live on-site. An additional large unfinished space offers potential for another residential unit or alternative use, subject to municipal approvals.Additional highlights include ample on-site parking, a large detached storage building, recently updated rear siding and a new accessible ramp.SELLER FINANCING AVAILABLE! The Seller is willing to consider a Vendor Take-Back (VTB) mortgage of up to 80% of the purchase price, subject to mutually agreeable terms.Whether you're looking to open your own business, live above your workplace or build a diversified investment portfolio, this property offers outstanding flexibility, income potential and room to grow in beautiful historic Sparta! (id:28006)

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https://www.realtor.ca/real-estate/30368486/46349-sparta-line-central-elgin-sparta-sparta