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.
Address
29 Sykes Street N
List Price
$1,685,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Meaford
Region
Grey County
Lot Depth
132.16
Lot Type
Lot
Lot Size Units
Feet
Lot Width
44.92
Parcel Number
371080208
Total Building Area
7850
Occupant Type
Tenant
Cross Street
Sykes & Trowbridge
MLS® Number
X13032194
Listing Brokerage
Forest Hill Real Estate Inc.
Basement
Yes
Postal Code
N4L 1V9
Posession Details
Flexible
Parking Spaces
1
Tax Amount
$8,809.00
Tax Year
2025
Site Influences
Major Highway, Skiing
Community Features
Major Highway, Skiing
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Source
Gas
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
New Construction
No
Garage Type
None
Tax Legal Description
LT 1134-1135 PL309 MEAFORD S/T & T/W R230230, S/T R65433, S/T R65476; MEAFORD
Security Features
No
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