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$ 1,685,000
Est. payment /mo
New
29 SYKES ST N Meaford, ON N4L 1V9
7,850 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 7,850 sqft
Price per Sqft $214
Subdivision Meaford
MLS Listing ID X13842530
Annual Tax Amount $8,890
Tax Year 2026
Property Sub-Type Store W Apt/Office
Property Description
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.
Location
Province ON
County Grey County
Area Grey County
Rooms
Kitchen 0
Interior
Cooling Yes
Heat Source Gas
Exterior
Community Features Major Highway, Skiing
Utilities Available Yes
Lot Frontage 44.92
Lot Depth 132.16
Building
New Construction false
Others
Security Features No
ParcelsYN No
Listed by Forest Hill Real Estate Inc.
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