$795,000
Meaford
28 SYKES Street North, Meaford, Ontario, N4L1V7
This office property in Meaford is for sale offering roughly 2,650 sq ft of space.
Positioned in the heart of downtown Meaford, 28 Sykes Street N presents a well-rounded investment opportunity with CG zoning that supports a wide range of commercial and mixed-use possibilities. Located just minutes from the Meaford waterfront, this property benefits from strong visibility, walkable amenities, and consistent local foot traffic. The building is currently fully tenanted, offering immediate income from both residential and commercial components. The upper residential unit spans approximately 1250 sq ft and features three bedrooms, a full kitchen, living and dining areas, a functional mudroom, in-suite laundry, and a walk-out to a large private deck. The layout is practical and appealing for long-term tenants seeking space and convenience in a central location. At street level, the commercial unit offers approximately 1400 sq ft of usable space with direct exposure to Sykes Street, making it ideal for retail, service-based businesses, or professional use. The presence of an established commercial tenant further enhances the property's income stability, complemented by approximately 9 foot ceiling height that adds to the usability and openness of the space. The property is serviced by separate heating systems, including a natural gas furnace for the lower commercial level and a natural gas boiler serving the upper residential unit, providing efficient and reliable climate control for both spaces. Additional features include a dry basement for storage and the benefit of two deeded parking spaces, a valuable asset in a downtown setting. For investors seeking a mixed-use property in a growing waterfront community, 28 Sykes Street N combines location, zoning flexibility, and reliable tenancy in one strategic offering. Back portion of roof (2015), Roof (2024), Commercial unit renovated (2025), Water heater (2025), Kitchen & laundry (2022), Basement cast iron piping replaced with PVC (2018), Roof top deck, stairs & fencing (2017), Front facade new brick (2016) (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 198 days on market, against an average age of 98 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 64 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 94.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
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Approximate location — exact address confirmed upon showing
This home lists at $795,000, about 10.7× the local median household income of $74,500.
Carrying it typically needs a household income of about $155,291 (20% down, 25-yr amortization, stress-tested) — roughly 108% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4L)
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