$ 699,000
46349 Sparta Line
46349 Sparta Line, Central Elgin, ON N0L2H0 Photo 1
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46349 Sparta Line, Central Elgin

Excellent investment opportunity in the historic village of Sparta! This versatile five-unit commercial/residential property offers a great mix of income-producing space along with additional future potential. The main level features three separate commercial units, providing flexibility for a variety of businesses, professional services or retail uses. The second floor includes two residential apartments: a two-bedroom unit that is currently tenanted and a vacant one-bedroom unit, offering the opportunity for immediate occupancy or to select your own tenant. Also located on the second floor is a large unfinished open space that may offer potential for an additional residential unit or other use, subject to municipal approvals, zoning and required permits. The property offers ample on-site parking along with a large detached storage building at the rear, providing valuable additional space for tenants, owners or commercial users. An exceptional financing opportunity: the Seller is willing to consider a Vendor Take-Back (VTB) mortgage of up to 80% of the purchase price, subject to mutually acceptable terms and conditions. Further details are available to qualified interested parties. The current owner has resided the rear of the property, added a new accessible ramp and freshly painted the vacant apartment. With multiple income streams, a vacant residential unit, additional unfinished space and the potential for significant vendor financing, this is a unique opportunity for an investor or owner/operator looking to establish themselves in the charming community of Sparta. (id:1945)
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Property details for 46349 Sparta Line, Central Elgin

Type
Commercial
Living Area
3,500 square feet
Lot Size
Bldg=120 x 132 FT
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Annual Taxes
$5,748 (2025)

Nearby Listings Stat

Estimated price and comparable properties near 46349 Sparta Line

Active Listings
2
Min Price
$550,000
Max Price
$699,000
Avg Price
$624,500
Days on Market
20
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Neighbourhood Census Data

Central Elgin, Ontario

Population
449
Median Age
46.1
Median Income
$34,048
Dwelling Value
$299,213

Housing Tenure

Owners 81%
Renters 19%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.6
Pop. Density: 11.3/km²
Avg Shelter Cost: $1,286/mo
Owners with Mortgage: 62.1%
Owners Spending 30%+: 23.3%
Tenants Spending 30%+: 0%
English only: 95.6%
English and French: 4.4%
Median Household Income: $67,584
Median Employment Income: $29,248

Price History

Listed
October 6, 2026
by RIGHT AT HOME REALTY
Current Price
$699,000
Type
Commercial
For Sale
46349 Sparta Line

Contact Agent Get in touch about 46349 Sparta Line, Central Elgin

JEFF WEST
JEFF WEST
RIGHT AT HOME REALTY

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Comparison of 46349 Sparta Line, Central Elgin, ON with Nearby Commercial Listings
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