408002 Grey Rd 4

Grey Highlands | Rural Grey Highlands | N0C 1J0
  • 7
  • 3
  • 0

$449,000

Est. Mtg $1,522 /mo
  • Days on market

    46

  • Status

    New

Listing Broker ROYAL LEPAGE MEADOWTOWNE REALTY
Since listed: 2 views

Home details

MLS #:

X9392199

Property type:
Store W/Apt/Office
Style:
2-Storey
Taxes:
$1,938
Possession:
30 days TBA
Lot Front:
58.5   Feet
Lot Depth:
150.0   Feet
Basement:
Part Bsmt |
Driveway Pkg:
6
Heat:
Oil | Forced Air

Description


408002 Grey Rd 4, , Grey Highlands, Ontario is a Store W/Apt/Office property in Grey Highlands and in the Rural Grey Highlands community in the N0C 1J0 postal code


Mixed-Use Commercial Building in Maxwell. Discover a unique investment opportunity with this strategically positioned mixed-use residential and commercial building. Occupying a prime location at the bustling intersection of Grey Rd 4 & 2, this property offers 4,212 square feet of income-producing rental space, zoned for C2 highway and service commercial use. The building comprises three residential units and one commercial unit, allowing for a diversified income stream. Residential Unit 1 is 2,106 square feet, Unit 2 is 1,288 square feet, and Unit 3, a studio, combines the commercial space and measures 1,288 square feet. Significant updates have been made to ensure the building's efficiency and comfort, including new windows, insulation, hot water tank (owned), shingles, eavestroughs, soffits, facia, a well water system, an upgraded hydro panel, and an oil tank. The property has two separate hydro meters for convenience and cost management. Parking is ample, with space for 6 vehicles, catering to residential and commercial tenants. The residential units are currently occupied by great long-term tenants on a month-to-month basis without a formal lease, offering flexibility for new ownership. The location is unparalleled. It is within a 30-minute drive of Collingwood and Blue Mountain and close to a range of amenities, including schools, trails, golf courses, conservation areas, provincial parks, Lake Eugenia, and Kolapore ski trails, making it an attractive place to live, work, and play. This property represents a rare opportunity to invest in a versatile building with a proven track record of income generation in a sought-after location. Whether you want to expand your investment portfolio or seek a live-work setup, this commercial mixed-use building in Maxwell offers potential..

Extras

Rental Propane Tank is currently the responsibility of the tenant. New windows, insulation, hot water tank 2022 (owned), shingles 2015, eavestroughs, soffits, facia, a well water system 2019, an upgraded hydro panel, and an oil tank 2023..


History

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List Date End Date List Price End Price Status MLS #
2024-07 2024-10 $459,000 $459,000 Exp X8492130
2024-10 2024-10 $449,000 $449,000 New X9392199
2024-10 $449,000 $449,000 X9392344

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Grey Highlands :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 408002 Grey Rd 4

Based on available 3rd party data

$1818

Approximate costs per month

Mortgage
$1522 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$161 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Level
  • Place Of Worship
  • School
Listing Broker ROYAL LEPAGE MEADOWTOWNE REALTY
Data Source: TRREB

Payment calculator

$1683 monthly. In association with: TD Bank
%
  • Principal and Interest
    1522 /mo
  • Property Taxes
    $161 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Mike Zamani, Realtor

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