$1,199,000

For sale

52 Main Street, Erin - Retail for Sale

52 Main Street, Erin, Ontario, N0B1T0

2 baths4 parking2,160 ft²28 × 104 ft (2,902 sq ft) lot sizeListed 21 days ago

Overview

This retail property in Erin is for sale offering roughly 2,160 sq ft of space. It has been on the market 21 days, fresher than the Erin average of 67 days.

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

Description

It has been established that this location is scheduled to be connected to the municipal sewer system in 2028!! We are pleased to share a unique investment opportunity located in the heart of the Village of Erin. This impressive income property features over 2100 square feet of versatile space. The upper level boasts a bright and spacious three-bedroom apartment that was completely renovated from 2022 and includes a private outdoor deck. The main floor offers excellent retail or service space with a large display window, while the dry, renovated basement provides ample storage and office. Key features include Main Street frontage with high foot traffic, four parking spaces in the rear overlooking the West Credit River, and a new septic tank installed in 2022. With the planned growth of Erin well underway, this is an incredible time to own a piece of the town's history. (id:66096)

Property Details

MLS®: X14032086
Property Type: Retail
Zoning: C1(F)
Bathrooms: 2
Parking: 4
Interior Size: 2,160 ft²
Lot Size: 28 × 104 ft (2,902 sq ft)
Frontage: 28 ft
Heating: Other
Cooling: Partially air conditioned
Property Tax: $6,258.8/yr
Listed: 21 days ago

Features

Appliances: Window Coverings

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Erin listings, avg age

67d

Price / ft²

$555

List price

$1.20M

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

This retail in Erin has been listed for 21 days, which is 46 days fresher than the city average of 67. Act while there is still low competition.

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Listed by CENTURY 21 MILLENNIUM INC. · ANN SHANAHAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $1,199,000, about 10.0× the local median household income of $120,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 95% 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)

$1,199,000· $555/ft²

For sale

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