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$629,000
Meaford
8 Sykes Street North, Meaford, Ontario, N4L1V6
This 1-bedroom, 2-bathroom home in Meaford is for sale. Listed at $629,000, it is attractively priced about 29% below the $880,000 median asking price in Meaford.
INCOME GENERATING PROPERTY! Short term rentals! Renovated loft style apartment on the main street in trendy downtown Meaford with fantastic commercial unit below, rent it out or operate your own business. The stunning, one bedroom, plus den apartment features an open loft feel, high ceilings, skylights, cinematic lighting, pot lights, white oak engineered hardwood floors, Gorenje ventless washer/dryer, sound proof insulation, four piece bathroom with heated floors, new windows and kitchen with porcelain counters/feature wall and INVISA Cook Top! With the addition of a window, the den could be converted to a second bedroom. The list of upgrades to the apartment is impressive! Private parking for two vehicles at rear of building is a real bonus. The main floor retail/commercial unit is well designed for a variety of uses with neutral decor, high ceilings, gallery lighting, front and back entrances, updated electrical, storage, two-piece washroom, commercial sink and access to basement. Exposure on the main street and customer street parking is a great perk for any business. Some commercial uses include: Art Studio, Retail, Fitness Center, Business/Medical Office, Restaurant (Buyer to perform their due diligence for desired use). Separate hydro meters. Call listing agent for more revenue details. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 195 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 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.
This 1-bed single family in Meaford is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $629,000, about 8.4× the local median household income of $74,500.
Carrying it typically needs a household income of about $122,866 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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