INCOME GENERATING PROPERTY! Short term rentals! Commercial ground floor unit with renovated apartment above. Exciting opportunity to become part of the vibrant downtown community in Meaford. 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). Live upstairs or rent out the one bedroom, plus den apartment with it's open loft feel, high ceilings, skylights, 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! Too many updates and possibilities in these stunning spaces. Private parking for two vehicles at rear of building is a real bonus. Separate hydro meters. Call listing agent for more revenue details. (id:66096)
Property Details
MLS®
X13044304
Property Type
Retail
Zoning
C1
Parking
2
Interior Size
1,478 ft²
Frontage
11 ft
Building Area
1,478 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$2,496/yr
Listed
195 days ago
Features
Appliances
Washer, Dryer, Cooktop, Window Coverings, Water Heater
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
195d
Meaford listings, avg age
98d
Price / ft²
$426
List price
$629K
Long Listed: 195 days on market, against an average age of 98 days across the listings currently for sale in this city
Market timing · days on market0 → 98d avg age of current listings
Long Listed · day 195
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 retail in Meaford is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by Royal LePage Locations North · BRENT SULLIVAN
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N4L)
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.
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)
$629,000· $426/ft²
For sale
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Financing
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