Description

Commercial development land fronting Sykes Street North (Highway 26) in downtown Meaford. Approximately 0.79 acres (34,315 sq. ft.) of vacant land zoned C2 Urban Highway Commercial, set on the main route through town with year-round local and seasonal visitor traffic and the harbour and waterfront directly across the street. C2 zoning allows a broad range of uses, including retail, restaurants, automotive services, accommodation, institutional and storage uses, subject to municipal approvals. The site has previously been planned for a car wash, and supporting site plan and grading drawings, conservation authority permits, well decommissioning records and Phase One environmental site assessments (2010 and 2023) are available to qualified buyers. Steps from Meaford's downtown shops and restaurants, Meaford Hospital, the community centre, marina and yacht club, and a short drive to Thornbury, Collingwood and Owen Sound. Vacant commercial land in an established Georgian Bay town centre is rarely offered for sale. (id:66096)

Market Timing

Days on market

39d

Meaford listings, avg age

99d

List price

$575K

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 94.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Meaford has been listed for 39 days, which is 60 days fresher than the city average of 99. Act while there is still low competition.

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Area context

Neighbourhood profile (N4L)

This home lists at $575,000, about 7.7× the local median household income of $74,500.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 51% 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)

$575,000

For sale

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Financing

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344 Sykes Street North, Meaford - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (N4L)

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