$1,899,999
520 MAIN STREET W
Beds
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Baths
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Sqft
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Year
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Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Shelburne. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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 (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Shelburne
- Living area
- 6,840 square feet
- Lot size
- 2.79 acres
- Lot dimensions
- 2.785
- Parking
- 10 total
- On market
- Jan 27, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $17,582.2
- Zoning
- D
- Photos
- 43
- MLS#
- X12733634
- Area
- SHELBURNE
Features and systems
Heating
Cooling
Lot
Cash on cash
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$11,608
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.