$399,000

For sale

216B Main Street, North Perth (Elma) - Single Family for Sale

216B Main Street, North Perth (Elma), Ontario, N0G1B0

2 beds2 baths4 parking2,750 ft²20 × 122 ft (2,440 sq ft) lot sizeListed 68 days ago

Overview

This 2-bedroom, 2-bathroom home in North Perth is for sale offering roughly 2,750 sq ft of space. Listed at $399,000, it is attractively priced about 29% below the $559,900 median asking price in North Perth. It has been on the market 68 days, fresher than the North Perth average of 80 days.

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Description

INCOME PROPERTY. UPDATED. HIGH TRAFFIC. Investment opportunity in the heart of Atwood! This versatile property offers endless possibilities-live upstairs while renting out the commercial space, operate your own business below and enjoy the convenience of living where you work, or add a unique mixed-use property to your investment portfolio. The commercial space is ideally located in Atwood's downtown core, just steps from the park and swimming pool, and offers ample square footage for a variety of potential uses. Utilities can also be separated, adding flexibility for owners and investors. Two parking spaces are available at the rear of the property. The spacious upper-level apartment offers two bedrooms, a full bathroom, kitchen, two separate living spaces, and a deck off the back of the home-providing plenty of room to spread out. The property has been extensively updated over the past 30 years, with recent improvements including updated vinyl plank flooring and fresh paint throughout in 2025, a new water heater and heat pump in 2025, roof in 2022, and gas furnace in 2016. Electrical and plumbing have also been updated. A fantastic opportunity to invest, live and work in one convenient location, or generate rental income in the growing community of Atwood! (id:66096)

Property Details

MLS®: X13722296
Property Type: Single Family
Zoning: C1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 4
Interior Size: 2,750 ft²
Lot Size: 20 × 122 ft (2,440 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Second level

Bathroom: 2.25 x 3.66 meters
Bedroom: 2.32 x 3.14 meters
Bedroom: 2.3 x 4.16 meters
Bedroom: 2.83 x 5.45 meters
Kitchen: 2.78 x 3.7 meters

Main level

Utility room: 1.75 x 2.39 meters
Bathroom: 1.7 x 2.65 meters
Other: 3.59 x 6.62 meters
Other: 4.83 x 5.55 meters
Other: 5.46 x 4.57 meters

Features

Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Window Coverings
Foundation: Stone
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

68d

North Perth (Elma) listings, avg age

80d

Price / ft²

$145

List price

$399K

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in North Perth (Elma) has been listed for 68 days, which is 12 days fresher than the city average of 80. Act while there is still low competition.

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Listed by KELLER WILLIAMS INNOVATION REALTY · ELLEN BAKKER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0G)

This home lists at $399,000, about 4.8× the local median household income of $83,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 86,935
Median age: 40.8
Owner / renter: 80% / 20%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0G)

$399,000· $145/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$139/mo

Total monthly$2,241

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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