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    For Sale - 29 SYKES Street, Meaford, Ontario

    Est payment $8,091/mo
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    Views   1
    Time on Jump  74 day

    AI Summary *

    • Mixed-use building in downtown Meaford with main street visibility.
    • Income-producing asset with fully tenanted commercial and residential spaces.
    • Modernized commercial area with updates for long-term tenancy.
    • Bright residential units with high ceilings and recent renovations.
    • Opportunity for future growth with existing site plan approvals.




    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.
    Listing IDX13032194
    Address29 SYKES Street
    CityMeaford, Ontario
    Price$1,685,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeCommunity Features Major Highway, SkiingBasement 1Heating / Cooling Gas Forced Air ClosedHeating Fuel Gas

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    Listing Agency:  Forest Hill Real Estate Inc.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    29 Sykes Street
    Meaford , Ontario
    $1,685,000
    Get more info