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204 Carlow Rd 204 Carlow Rd 2,560 SF 75% Leased Retail Building Central Elgin, ON N5L 1C5 $686,168 USD ($268.03 USD/SF) 4.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Traffic area in Village
- Potentail Redevelopment opportunity
EXECUTIVE SUMMARY
Unlock the potential of this high-visibility 2,560 sq.ft.(Aprox) mixed-use commercial/residential building located on a major arterial corridor in one of Elgin County’s fastest-growing towns. Whether you're an investor seeking stable income or an owner-operator looking for a strategic location, 204 Carlow Road delivers flexibility, cash flow, and long-term upside.
Property Highlights:
Mixed-Use Zoning offering commercial storefronts + residential income
3 income streams: upper 3-bedroom residential unit + two ground-floor commercial spaces
Strong street exposure along Carlow Road with continuous traffic flow
Ideal layout for retail, personal services, boutique shops, or local businesses
Well-maintained building suitable for both turnkey operation or future optimization
Private parking with convenient customer access
Excellent demographics & growth in Aylmer and the surrounding region
Perfect for Owner-Operators
Operate your business from one commercial unit while benefiting from rental income from the remaining spaces. This property dramatically reduces occupancy cost and supports long-term wealth building through real estate.
Investor Appeal"
With multiple revenue streams and extremely low vacancy rates in Aylmer’s commercial corridor, this asset is positioned to remain a stable performer. Modern tenants, pedestrian traffic, and highway access all contribute to strong demand in the immediate area.
Location Advantages:
Minutes from major retail, services, and downtown
Rapidly expanding residential neighbourhoods surrounding the site
High commuter and local traffic counts
Ideally situated within a supportive pro-business municipality
Why 204 Carlow Road Stands Out:
Flexible mixed-use asset—rare and highly desirable in this market
Strong income profile with room for rent growth
Strategic location with long-term appreciation potential
Ideal for investors, entrepreneurs, or portfolio diversification
Property Highlights:
Mixed-Use Zoning offering commercial storefronts + residential income
3 income streams: upper 3-bedroom residential unit + two ground-floor commercial spaces
Strong street exposure along Carlow Road with continuous traffic flow
Ideal layout for retail, personal services, boutique shops, or local businesses
Well-maintained building suitable for both turnkey operation or future optimization
Private parking with convenient customer access
Excellent demographics & growth in Aylmer and the surrounding region
Perfect for Owner-Operators
Operate your business from one commercial unit while benefiting from rental income from the remaining spaces. This property dramatically reduces occupancy cost and supports long-term wealth building through real estate.
Investor Appeal"
With multiple revenue streams and extremely low vacancy rates in Aylmer’s commercial corridor, this asset is positioned to remain a stable performer. Modern tenants, pedestrian traffic, and highway access all contribute to strong demand in the immediate area.
Location Advantages:
Minutes from major retail, services, and downtown
Rapidly expanding residential neighbourhoods surrounding the site
High commuter and local traffic counts
Ideally situated within a supportive pro-business municipality
Why 204 Carlow Road Stands Out:
Flexible mixed-use asset—rare and highly desirable in this market
Strong income profile with room for rent growth
Strategic location with long-term appreciation potential
Ideal for investors, entrepreneurs, or portfolio diversification
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Building Size
2,560 SF
Building Class
C
Year Built
1971
Price
$686,168 USD
Price Per SF
$268.03 USD
Cap Rate
4.12%
NOI
$28,282 USD
Percent Leased
75%
Building Height
2 Stories
Building FAR
0.08
Lot Size
0.77 AC
Zoning
B1 - Business (B6-1)
Parking
7 Spaces (2.73 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Yolo Canibis
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Yolo Canibis | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
CONTACTS
-
Jason Froude -
Eavan Travers -
Michelle Carharte -
RE/MAX Advantage Realty LTD Brokerage
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204 Carlow Rd | 204 Carlow Rd
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