29 SYKES ST N, Meaford, ON N4L 1V9
29 SYKES ST N, Meaford, ON N4L 1V9
29 SYKES ST N, Meaford, ON N4L 1V9
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$1,685,000
Est. payment /mo
7,850 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 7,850 sqft

Price per Sqft $214

Subdivision Meaford

MLS Listing ID X13032194

Annual Tax Amount $8,809

Tax Year 2025

Property Sub-Type Store W Apt/Office

Property Description

Positioned in the heart of downtown Meaford, this mixed-use building offers a rare opportunity to acquire a stabilized, income-producing asset with prominent main street frontage. Comprised of a 4,800 sq ft main flr commercial space & two residential units above, the property blends strong in-place income with upside in a market that continues to see growing demand from investors and end users. The building is fully tenanted, with established occupancy across both the commercial and residential components. The commercial space has been thoughtfully modernized, with improvements including updated flooring, lighting, drywall, washrooms, and mechanical systems, creating a clean, functional environment suited to long-term tenancy. A current commercial lease is in place, providing dependable income from day one. At the rear of the building, a truck-height loading door provides practical access. The rear 500 square foot space is well suited for storage, service use, or additional income potential. The large basement is dry and currently under utilized. The residential component offers two bright, two-story units with large windows and 10-foot ceilings. The two-bedroom unit has been updated with a new kitchen and bathroom, while the three-bedroom unit has been freshly painted and retains original character details. The property delivers immediate cash flow with additional value-add potential through future rent growth and longer-term repositioning. Recent capital upgrades include roof resurfacing (rear 2023, front 2024), electrical panel updates, a new furnace, and air conditioning, positioning the asset for minimal near-term capital requirements.Existing site plan approvals allow for future intensification, including a rear addition, offering flexibility to enhance both scale and returns over time. This is an opportunity to secure a landmark main street holding with a strong foundation and multiple income streams. Financials available upon request.

Location

Province ON

County Grey County

Area Grey County

Zoning C1

Rooms

Kitchen 0

Interior

Cooling Yes

Exterior

Parking Features None

Community Features Major Highway, Skiing

Utilities Available Yes

Building

Lot Description Lot

New Construction false

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Lited by Forest Hill Real Estate Inc.

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Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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