46342 Sparta Line S
Sparta, Central Elgin, N0L 2H0
FOR SALE
$899,900
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Property Description
A Unique Opportunity! Step into a piece of history with the remarkable Sparta House, built between 1838 and 1840 by David Mills as an elegant hotel. This stunning colonial-style building, with its iconic double-decked verandah and spacious upper ballroom, has witnessed a rich tapestry of community life over the years. After its hotel days, the Sparta House transitioned into a general store under Ira Hilborn before becoming a beloved gathering place during the Moedinger era where locals would convene around the central stove to exchange stories and engage in lively discussions. In more recent years, the building has evolved into a charming Tearoom/Restaurant, blending its historical charm with contemporary dining experiences. The meticulous restoration has brought the Sparta House back to its former glory, making it the perfect destination for both returning patrons and first-time visitors. This unique opportunity comes complete with a stunning upper 2+1 Bedroom owners apartment with a huge walk out verandah overlooking the main street. Located in the historic village of Sparta, this property is surrounded by an array of antique shops, craft stores, and artist studios. The village features informative displays highlighting the history of its buildings, contributing to a delightful walking tour experience. With the popular destinations of Port Stanley and Port Bruce just a short drive away, the Sparta House offers a fantastic opportunity to attract tourists looking for a unique and relaxing stop on their journeys. Don't miss your chance to own this iconic landmark, rich in history and poised for future success! **EXTRAS** restaurant operating equipment included, some chattels excluded. contact LA for list of chattels included. Owners is willing to train new owners and staff for a limited period. See floor plan for residence and restaurant layout.
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
82' x 64'
Acreage
< .50
Fronting
North
Taxes
$2,072 (2024)
Basement
Part Bsmt, Unfinished
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Parking Spaces
2
Driveway
Private
Garage Type
None
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Central Elgin Market Statistics
Central Elgin Price Trend
46342 Sparta Line S is a 2-bedroom 3-bathroom home listed for sale at $899,900, which is $253,267 (39.2%) higher than the average sold price of $646,633 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Central Elgin declined by $247,795 (27.7%) compared to the previous 30 day period (December 22 - January 20) and up $373,207 (136.5%) from the same time one year ago.Inventory Change
There were 6 2-bedroom homes listed in Central Elgin over the last 30 days (January 21 - February 19), which is up 20.0% compared with the previous 30 day period (December 22 - January 20) and up 200.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Central Elgin typically sold ($8,000) (1.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $11,085 increase compared to the previous 30 day period (December 22 - January 20) and ($7,312) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Central Elgin over the last 30 days (January 21 - February 19) stood at 50.0%, down from 140.0% over the previous 30 days (December 22 - January 20) and down from 30,300.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Central Elgin stood at 64 days when successfully sold over the last 30 days (January 21 - February 19), compared to 92 days before being removed from the market upon being suspended or terminated.Listing contracted with Oak And Key Real Estate Brokerage, Inc.
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