$620,000

For sale

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52 Sykes Street, Meaford - Retail for Sale

52 Sykes Street, Meaford, Ontario, N4L1E3

2,680 ft²36 × 74 ft (2,641 sq ft) lot sizeListed 239 days ago

Overview

This retail property in Meaford is for sale offering roughly 2,680 sq ft of space.

Retail Space for Sale in Meaford →All real estate in Meaford →

Description

DO NOT miss this free standing, mixed use, commercial/residential property! Be your own boss of a profitable turn-key business or turn it into your own specialized offices or retail store. It is great investment opportunity! It is located in high traffic area of the charming town of Meaford. More developments are on the way and good potential of growing business. The building contains a profitable convenience store on the 1st floor, many loyal customers and only fishing &bait products available for sale in the town, attracting many fishing lovers!! The store offers varieties of merchandizes, lotto, Bitcoin, fishing baits, Beer etc. Tobacco counts for lower percentage of sales and boosts the higher margin of profits. On the second floor, there is a cozy 3 Bedroom apartment with one kitchen and one washroom. spacious bedroom and nice layout, accessible with separate entrance. The sale price includes the business and inventory (some items excludes tobacco products and activated lotto scratch tickets). You can simply increasing your line of selling products and inventory to boost sales! Currently, the business is keep growing! (id:66096)

Property Details

MLS®: X12864904
Property Type: Retail
Zoning: Commercial
Interior Size: 2,680 ft²
Lot Size: 36 × 74 ft (2,641 sq ft)
Frontage: 36 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $3,879.23/yr
Listed: 239 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

239d

Meaford listings, avg age

97d

Price / ft²

$231

List price

$620K

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

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Listed by RIGHT AT HOME REALTY · YANG HEE KIM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4L)

This home lists at $620,000, about 8.3× the local median household income of $74,500.

Carrying it typically needs a household income of about $121,108 (20% down, 25-yr amortization, stress-tested) — roughly 63% 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)

$620,000· $231/ft²

For sale

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Financing

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