$1,249,900

For sale

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4-6 Sykes Street North, Meaford - Retail for Sale

4-6 Sykes Street North, Meaford, Ontario, N4L1V5

15,000 ft²50 × 105 ft (5,250 sq ft) lot sizeListed 163 days ago

Overview

This retail property in Meaford is for sale offering roughly 15,000 sq ft of space.

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Description

Prime Investment Opportunity in the Heart of Meaford! Unlock the full potential of this versatile mixed-use multiplex that spans 2 buildings. This unique property offers a robust revenue stream with high-visibility commercial units perfect for retail or professional services and four residential units providing consistent rental demand. The third floor can fit additional residential units. Whether you are looking to expand your portfolio or capitalize on the growing demand for local housing and storefronts, these buildings offer an exceptional canvas for value-add improvements. The property is perfectly situated in Meaford, a vibrant and growing community nestled on the southern shores of Georgian Bay. Known for its charming historic downtown, bustling harbour, and world-class four-season recreation including nearby skiing, hiking trails, and waterfront activities, Meaford continues to attract both new residents and investors seeking a high quality of life. Don't miss your chance to own a piece of this flourishing market! (id:66096)

Property Details

MLS®: X13171510
Property Type: Retail
Zoning: GC
Interior Size: 15,000 ft²
Lot Size: 50 × 105 ft (5,250 sq ft)
Frontage: 50 ft
Heating: Baseboard heaters, Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $7,343/yr
Listed: 163 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

163d

Meaford listings, avg age

98d

Price / ft²

$83

List price

$1.25M

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.

Haho

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Listed by CENTURY 21 MILLENNIUM INC. · RYAN ANDERSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4L)

This home lists at $1,249,900, about 16.8× the local median household income of $74,500.

Carrying it typically needs a household income of about $244,149 (20% down, 25-yr amortization, stress-tested) — roughly 228% 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)

$1,249,900· $83/ft²

For sale

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Financing

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