Store W Apt/Office · For sale

29 SYKES Street N, Meaford

$1,685,000

Listing brokerage: Forest Hill Real Estate Inc. · MLS® X13842530

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

Forest Hill Real Estate Inc.

Type

Store W Apt/Office

Deal

For sale

Category

Commercial · Retail

Size

7,850 sq ft

Truck-level doors

1

Lot

44.92 x 132.16 ft

MLS® number

X13842530

Description

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.