$1,899,000

For sale

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48-50 Main Street, Erin - Retail for Sale

48-50 Main Street, Erin, Ontario, N0B1T0

4,200 ft²44 × 87 ft (3,801 sq ft) lot sizeListed 396 days ago

Overview

This retail property in Erin is for sale offering roughly 4,200 sq ft of space.

Retail Space for Sale in Erin →All real estate in Erin →

Description

48-50 Main Street, Erin - Prime Commercial & Residential Opportunity An exceptional investment opportunity in the heart of downtown Erin. This 4200 sqft free-standing mixed-use building offers both commercial and residential income in a highly visible and desirable location.4 Residential Units - Well-maintained, income-generating apartments Long-Standing Commercial Tenancy - A trusted business presence at street level, providing stability. Prime Downtown Location - Situated directly on Erin's Main Street, within walking distance to shops, dining, and town amenities. On-Site Parking New roof (2022), New Deck 2024, Separate meters, forced air heat and A/C With its blend of commercial and residential spaces, this property presents a strong opportunity for investors seeking reliable cash flow in a growing community. Whether you're expanding your portfolio or looking for a stable mixed-use property, 48-50 Main Street delivers both income and potential. (id:66096)

Property Details

MLS®: X12445413
Property Type: Retail
Zoning: C1
Interior Size: 4,200 ft²
Lot Size: 44 × 87 ft (3,801 sq ft)
Frontage: 43 ft
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $3,804.59/yr
Listed: 396 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

396d

Erin listings, avg age

67d

Price / ft²

$452

List price

$1.90M

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

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Listed by RE/MAX EXPERTS · FRANCESCO LABRICCIOSA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $1,899,000, about 15.8× the local median household income of $120,000.

Carrying it typically needs a household income of about $370,941 (20% down, 25-yr amortization, stress-tested) — roughly 209% above the area median.

Median household income: $120,000
Population: 86,919
Median age: 42.8
Owner / renter: 88% / 12%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N0B)

$1,899,000· $452/ft²

For sale

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Financing

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