29 Sykes Street N Meaford, Ontario N4L 1V9

$1,685,000

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. (id:19593)

Property Details

MLS® Number	X13032194
Property Type	Retail
Community Name	Meaford
Amenities Near By	Highway, Ski Hill
Parking Space Total	1

Building

Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	7,850 Ft2
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Ski Hill
Size Depth	132 Ft ,1 In
Size Frontage	44 Ft ,11 In
Size Irregular	44.92 X 132.16 Ft
Size Total Text	44.92 X 132.16 Ft
Zoning Description	C1

https://www.realtor.ca/real-estate/29642755/29-sykes-street-n-meaford-meaford