$1,100,000

For sale

88-90 Main Street, Erin - Retail for Sale

88-90 Main Street, Erin, Ontario, N0B1T0

10 parking4,144 ft²50 × 108 ft (5,340 sq ft) lot sizeListed 31 days ago

Overview

This retail property in Erin is for sale offering roughly 4,144 sq ft of space. It has been on the market 31 days, fresher than the Erin average of 67 days.

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Description

Prime Commercial Property in Downtown Erin! Discover an extraordinary investment opportunity nestled in the heart of Erin's Main Street, boasting an impressive 46.2 feet of premium commercial frontage. This expansive commercial building features two retail units with the original stone facade exuding historic charm and character. Key Features: Prime Location on Main Street, Offering High Visibility and Foot Traffic. Original Stone Frontage Adds Unique Character and Appeal. Spacious 3-Bedroom Apartment Over 2000 sq. ft. with Potential to divide into 2 or 3 units. Scenic Deck Overlooking Winding River, Providing a Serene Setting. Garage for 3 Vehicles and Additional Basement Storage Space. Parking for 2-3 Vehicles at Rear, Plus Adjacent Parking Lot for 8-10 Vehicles. Close Proximity to Guelph, Georgetown, Orangeville, Brampton, and Hwy 401. Why Choose This Property? This remarkable property offers an exceptional opportunity for multiple streams of income with its versatile layout and strategic location. Whether you're seeking retail space, residential rental units, or a combination of both, this property caters to various business and investment endeavours. Enjoy the picturesque backdrop of Erin's downtown, surrounded by a vibrant community and convenient access to major highways and neighbouring cities. Seize the chance to capitalize on this one-of-a-kind property in downtown Erin. Explore the potential for lucrative incomes and establish your presence in this thriving commercial hub. Be sure to check out the on-line floor plans and virtual to (id:66096)

Property Details

MLS®: X13860178
Property Type: Retail
Zoning: C1
Parking: 10
Interior Size: 4,144 ft²
Lot Size: 50 × 108 ft (5,340 sq ft)
Frontage: 50 ft
Heating: Other
Cooling: Fully air conditioned
Property Tax: $9,304.01/yr
Listed: 31 days ago

Features

Appliances: Washer, Central Vacuum, Dryer, Freezer, Window Coverings
Lot Features: Conservation/green belt

Services

Water: Municipal water, Community Water System
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

Erin listings, avg age

67d

Price / ft²

$265

List price

$1.10M

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 31 days, which is 36 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Keller Williams Home Group Realty · WENDY ARMSTRONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $1,100,000, about 9.2× the local median household income of $120,000.

Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 79% 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)

$1,100,000· $265/ft²

For sale

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Financing

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