$529,000
For sale
$529,000
South Bruce
$529,000
South Bruce
82/84 Elora Street, South Bruce, Ontario, N0G2J0
This retail property in South Bruce is for sale offering roughly 3,400 sq ft of space.
Excellent investment opportunity in the heart of downtown Mildmay! This well-maintained commercial/residential property features three income-generating units, including two street-level spaces and a spacious residential two bedroom, one bathroom apartment upstairs. Recent updates throughout the property include an updated electrical panel and new pot lights throughout the residential unit. The retail unit has also been upgraded with new windows, providing improved natural light and a fresh, updated appearance. This property comes with a flexible financing opportunity as the Seller is open to entertaining a Vendor Take-Back (VTB) mortgage, offering an attractive option for qualified buyers. All units are fully tenanted, providing immediate and consistent rental income. Located in a high-visibility area with great foot traffic, this versatile building is perfect for investors looking to grow their portfolio with a stable, turnkey property. Don't miss out on this rare chance to own a solid income-producing asset in a vibrant small-town setting! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 150 days on market, against an average age of 95 days across the listings currently for sale in this city
This retail in South Bruce is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $529,000, about 6.4× the local median household income of $83,000.
Carrying it typically needs a household income of about $103,332 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0G)
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