$1,685,000
Available - For Sale
Listing ID: X13842530
29 SYKES Street North , Meaford, N4L 1V9, Grey County
| In the heart of downtown Meaford, this fully tenanted mixed-use building presents an opportunity to acquire an established, income-producing asset with prominent Main Street frontage. Comprised of approximately 4,800 sq ft of main-floor commercial space and two residential units above, the property combines strong in-place income with future upside in a market attracting continued interest from investors and end users. The main-floor commercial space has been extensively modernized with updated flooring, lighting, drywall, washrooms and mechanical systems, creating a clean and functional environment for long-term tenancy. A current commercial lease provides dependable income from day one. At the rear, a truck-height loading door offers practical access, while an additional approximately 500 sq ft space provides flexibility for storage, service use or potential additional income. A large, dry basement offers further underutilized space. Above, two bright, two-storey residential units feature large windows and 10-foot ceilings. The two-bedroom unit has been updated with a new kitchen and bathroom, while the three-bedroom unit has been freshly painted and retains original character details. Recent capital improvements include roof resurfacing at the rear in 2023 and front in 2024, electrical panel updates, a new furnace and air conditioning, helping to minimize near-term capital requirements. Beyond the existing income streams, the property offers longer-term value-add potential through future rent growth and repositioning. Existing site plan approvals allow for future intensification, including a rear addition, providing flexibility to increase both scale and returns over time. A well-located Main Street holding offering immediate cash flow, established tenancy and multiple avenues for future growth. Financials available upon request. |
| Price | $1,685,000 |
| Taxes: | $8890.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 29 SYKES Street North , Meaford, N4L 1V9, Grey County |
| Postal Code: | N4L 1V9 |
| Province/State: | Grey County |
| Legal Description: | LT 1134-1135 PL309 MEAFORD S/T & T/W R23 |
| Directions/Cross Streets: | Sykes & Trowbridge |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | F |
| Total Area: | 7850.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2550 |
| Office/Appartment Area Code: | Sq Ft |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Skiing |
| Financial Statement: | T |
| Sprinklers: | No |
| Washrooms: | 0 |
| Truck Level Shipping Doors #: | 1 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| Forest Hill Real Estate Inc. |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Grey County |
| Municipality: | Meaford |
| Neighbourhood: | Meaford |
| Tax: | $8,890 |
| Fireplace: | N |
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