Space
Finished area and layout
- Building Area
- 7,850 sqft
+13 more
7,850 sqft
Building Area
44.91 x 132.00
Lot
1
Parking
Property Snapshot
Key details for this listing
MLS #X13842530
Property
Type, style and structure
- Type
- commercial
- Style
- store w apt/office / Mixed Use
Lot
Land, frontage and setting
- Lot
- 44.91 x 132.00
- Frontage
- 44.11 feet
About This Property
This store w apt/office in Meaford offers 7,850 sqft of building area on a 44.91 x 132.00 lot. The property has zoned C1. The home features yes.
MLS Remarks
In the heart of downtown Meaford, this fully tenanted mixed-use building presents an opportunity to acquire an established, income-producing asset with prominent Main Street frontage. Comprised of approximately 4,800 sq ft of main-floor commercial space and two residential units above, the property combines strong in-place income with future upside in a market attracting continued interest from investors and end users. The main-floor commercial space has been extensively modernized with updated flooring, lighting, drywall, washrooms and mechanical systems, creating a clean and functional environment for long-term tenancy. A current commercial lease provides dependable income from day one. At the rear, a truck-height loading door offers practical access, while an additional approximately 500 sq ft space provides flexibility for storage, service use or potential additional income. A large, dry basement offers further underutilized space. Above, two bright, two-storey residential units feature 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. Recent capital improvements include roof resurfacing at the rear in 2023 and front in 2024, electrical panel updates, a new furnace and air conditioning, helping to minimize near-term capital requirements. Beyond the existing income streams, the property offers longer-term value-add potential through future rent growth and repositioning. Existing site plan approvals allow for future intensification, including a rear addition, providing flexibility to increase both scale and returns over time. A well-located Main Street holding offering immediate cash flow, established tenancy and multiple avenues for future growth. Financials available upon request. (id:60351)
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