408002 Grey Rd 4
Rural Grey Highlands, Grey Highlands, N0C 1J0
FOR SALE
$449,000
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BEDROOMS3
BATHROOMS2
KITCHENS16
ROOMSX9392199
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Property Description
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.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-07-01 | 2024-10-01 | 92 | $459,000 | - | Expired |
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.
Property Features
Level, Place Of Worship, School
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Property Details
Street
Community
City
Property Type
Store W/Apt/Office, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
58' x 150'
Acreage
< .50
Fronting
North
Taxes
$1,938 (2024)
Basement
Part Bsmt
Exterior
Brick, Metal/Side
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
Window Unit
Water
Well
Parking Spaces
6
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Office | Main | 19.09' x 37.20' | W/O To Porch, Irregular Rm, Window |
Br | Main | 15.29' x 19.69' | 3 Pc Bath |
Living | Main | 15.29' x 15.29' | Fireplace, Window, Walk-Out |
Kitchen | Main | 12.47' x 17.49' | Open Concept, Combined W/Dining, W/O To Yard |
2nd Br | 2nd | 8.01' x 14.11' | Walk-Out |
3rd Br | 2nd | 11.09' x 14.11' | Window, Combined W/Laundry |
4th Br | 2nd | 11.09' x 14.11' | Window, Combined W/Laundry |
Living | 2nd | 14.21' x 16.11' | Window |
Kitchen | 2nd | 13.02' x 13.06' | |
5th Br | 2nd | 8.99' x 13.02' | Window |
Br | 2nd | 8.99' x 13.02' | 4 Pc Bath |
Office | Main | 8.99' x 8.99' | Window |
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Listing contracted with Royal Lepage Meadowtowne Realty
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