520 Main Street
Shelburne, ON
- 6,840 sqft
- Investment
- 228 days on market
For Sale by Owner. Click on "More Information" Link Below. Refined & Investor-Focused For Sale: Fully Tenanted 9-Plex on 2.8 Acres - Prime Main Street Frontage, Shelburne. Rare opportunity to acquire a fully tenanted, cash-flowing 9-unit apartment building situated on an expansive 2.8-acre parcel in the rapidly growing Town of Shelburne. This well-maintained, two-storey building offers immediate income with long-term upside, making it ideal for investors seeking stability today and development potential tomorrow. Property Highlights: 9 Residential Units Total. 5 Two-Bedroom Units. 3 One-Bedroom Units. 1 Bachelor Unit. Approx. 6,800 sq. ft. of rentable area. Built in 1978. Metal Roof. Individually Metered Hydro. Municipal Water. Recently Updated Septic System.Updated Fire Alarm & Smoke Detection. System Coin Laundry Income (~$4,000 annually) 10+ On-Site Parking Spaces. Main Street West Frontage. Financial Overview: Current Gross Income: Over $12,000/month. Annual Gross Income: ~$144,000+ Strong Upside to Market Rents. Low Utility Exposure due to separate metering. Taxes: $17,582.20. Hot Water Tanks: Rentals at $44.78/month (both. Zoning & Future Potential: The property is located within one of Shelburne's largest designated development areas, offering compelling long-term land-banking potential. The site is already on municipal water and is in close proximity to municipal sewers, positioning it well for future redevelopment subject to buyer due diligence and municipal approvals. Shelburne continues to experience sustained population growth and residential demand, making this an excellent opportunity to hold, improve cash flow, and position for future value creation. Showing Instructions: No interior showings prior to an accepted conditional offer. 48-hour irrevocable on all offers. Financials available to qualified buyers
Listing Details
- Taxes (2025)
- $17,582
- Listed
- January 27, 2026
Price History
Property
- Lot Size
- 130.07 x 457.25 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Septic
Location & Legal
- Cross Street
- Main St W & 4th line
- Zoning
- D
- Parcel Number
- 341330058
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- Existing refrigerators and stoves in each unit (9 sets), coin-operated laundry equipment
- Rental Items
- Hot Water Tanks
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area L0N
- Population
- 2,395
- Private dwellings
- 894
- Median age
- 48.8
- Average household size
- 2.9
- Median household income
- $118,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Shelburne · last 12 months
- Median sold price
- $642,500
- Homes sold
- 132
- Median days on market
- 34
- Sale-to-list price
- 96.7%
Based on 132 recorded sales of commercial properties in Shelburne over the last 12 months.
Listed by
Enas Awad
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 6,840 sq ft
- Price per sq ft
- $277.78
- Annual property tax
- $17,582
- Tax per sq ft
- $2.57
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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