46349 Sparta Line
Sparta, Central Elgin, N0L 2H0
$699,000
Listed 14 days ago · MLS® X13865410
About this home
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.
Details
- Type
- Commercial Retail
- Lot
- 120 × 132 ft
- Garage
- None
- Property tax
- $5,748 (2025)
- Neighbourhood
- Sparta
- Municipality
- Central Elgin
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Air conditioning
- Yes
- Water and sewer
- Septic
- Utilities
- Yes
Building and exterior
- Building area
- 3,500 Square Feet
More
- Possession
- flexible
- Cross street
- Quaker
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
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The neighbourhood
Getting around Car-dependent
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 0 cafés and restaurants, 0 parks.
Schools nearby
Elementary
- Éva Circé-Côté French Immersion Public School17 min walk
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area N0L
- Owners / renters
- 87% / 13%
- Median household income
- $100,000
- Average age
- 42
- Children under 15
- 18%
- Homes
- 90% detached, 0% high-rise
- Commute by transit
- 0%
- Population
- 49,817
Languages spoken most at home besides English: German 0.4%, Portuguese 0.3%, Spanish 0.2%, Pennsylvania German 0.2%.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census.
Living here
Commute
To downtown London: 34 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by RIGHT AT HOME REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.