$999,000

For sale

156378 7TH LINE, Meaford - Retail for Sale

156378 7TH LINE, Meaford, Ontario, N4L1W6

3 baths5,000 ft²110 × 201 ft (22,110 sq ft) lot sizeListed 88 days ago

Overview

This retail property in Meaford is for sale offering roughly 5,000 sq ft of space. It has been on the market 88 days, fresher than the Meaford average of 97 days.

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Description

Own a piece of Grey County history and create a lifestyle entirely your own at the Rocklyn General Store. This landmark property offers an incredibly rare combination of business, residential living and income potential all in one unique package.At the heart of the property is the charming Rocklyn General Store, filled with authentic character and thoughtfully updated for modern operation. The commercial space features a welcoming retail area, food service counter, commercial kitchen, ample storage and the added draw of an on-site Beer Store outlet-creating multiple opportunities for an owner-operator to serve the surrounding community while building their own business.What truly sets this property apart is the residential component. A spacious 3-bedroom, 1-bath home and separate 2-bedroom, 1-bath loft apartment provide exceptional flexibility. Live on site while operating the store and rent the second residence for additional income, accommodate extended family or staff, or explore the potential of multiple rental revenue streams.Outside, mature trees, gardens, patio space and a traditional outbuilding create a surprisingly peaceful setting behind this historic village storefront.This is more than real estate-it's an opportunity to own your business, live where you work, generate additional income. (id:66096)

Property Details

MLS®: X13652898
Property Type: Retail
Zoning: R2 C2
Bathrooms: 3
Interior Size: 5,000 ft²
Lot Size: 110 × 201 ft (22,110 sq ft)
Frontage: 110 ft
Cooling: Partially air conditioned
Property Tax: $3,800/yr
Listed: 88 days ago

Features

Appliances: Microwave, Window Coverings

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

88d

Meaford listings, avg age

97d

Price / ft²

$200

List price

$999K

Homes here sell slower than most markets

Sold homes in this market spent an average of 65 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This retail in Meaford has been listed for 88 days, which is 9 days fresher than the city average of 97. Act while there is still low competition.

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Listed by LPT REALTY · GARREK SKILLICORN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4L)

This home lists at $999,000, about 13.4× the local median household income of $74,500.

Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 162% above the area median.

Median household income: $74,500
Population: 8,337
Median age: 54.4
Owner / renter: 78% / 22%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N4L)

$999,000· $200/ft²

For sale

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Financing

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