490 MAIN STREET, North Dundas

$435,000

For sale: Other

Other at 490 MAIN STREET, North Dundas
Property type
Investment
MLS®
MLS® X13494104
Neighbourhood
706 - Winchester

This is an exceptional investment opportunity in the heart of the growing community of Winchester! This versatile mixed-use commercial building offers multiple income streams and outstanding future potential. Currently, one commercial unit is leased to a busy, well-established barbershop, providing immediate rental income. A second main-floor commercial space offers excellent flexibility and could easily be separated from the upper level. With the addition of a bathroom, it would make an ideal retail storefront, professional office, or service-based business.The upper level features a bright two-bedroom apartment with its own private exterior entrance and with some work, would create an attractive residential rental opportunity or owner-occupied option. With fantastic frontage on Main Street and excellent visibility and exposure, this property is well positioned to benefit from Winchester's continued growth and demand for both commercial and residential space. Whether you're an investor looking to expand your portfolio or an entrepreneur seeking a property with built-in income and future upside, this is an opportunity you won't want to miss!

Sold data

Homes in Winchester — recent sold market

Homes in Winchester took a median of 23 days to sell over the last 365 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 35, across 37 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 31 days.

The median sale price was $524,900.

Homes sold for about 2.2% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
23
Median sale price
$524,900
Sale-to-list ratio
97.8%
Sold above asking
8%

Based on 37 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 490 MAIN STREET