408002 GREY ROAD 4
Rural Grey Highlands, Grey Highlands, N0C 1J0
FOR SALE
$449,000
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BEDROOMS3
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KITCHENS16
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Property Description
This legal duplex property offers mixed use Retail and Residential offering a unique investment and live-work potential opportunity in Maxwell. Occupying a prime location at the bustling intersection of Grey Rd 4 & 2. This property offers 4,212 square feet of rental space, comprising of two residential units and one retail 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 retail space and measures 1,288 square feet. 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 is equipped with two separate hydro meters for convenience and cost management. Parking is ample, with space for 6 vehicles, catering to both residential and retail needs. The residential units are currently occupied by great long-term tenants on a month-to-month basis without a formal lease. Unit 1: 2 bedroom with Kitchen and 3 pc washroom Unit 2: 4 bedroom with Kitchen and 4 pc washroom Unit 3 Retail area combined with Unit 4: Bachelor Kitchenette 3 pc washroom & Fireplace. 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. The property is offered as is, where is.
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Property Features
Fenced Yard, Golf
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
58' x 150'
Acreage
< .50
Fronting
North
Taxes
$1,938 (2024)
Basement
Sep Entrance, Walk-Up
Exterior
Alum Siding, Stone
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Window Unit
Water
Well
Parking Spaces
6
Driveway
Other
Garage Type
Outside/Surface
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Main | 14.07' x 19.00' | |
| Br | 2nd | 12.83' x 14.07' | |
| Br | 2nd | 9.32' x 15.16' | |
| Laundry | 2nd | 11.84' x 14.07' | |
| Br | 2nd | 8.01' x 14.07' | |
| Living | 2nd | 14.17' x 16.83' | |
| Other | Main | 9.09' x 9.68' |
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Grey Highlands Market Statistics
Grey Highlands Price Trend
408002 GREY ROAD 4 is a 5-bedroom 3-bathroom home listed for sale at $449,000, which is $2,051,000 (82.0%) lower than the average sold price of $2,500,000 in the last 30 days (October 30 - November 28). During the last 30 days the average sold price for a 5 bedroom home in Grey Highlands increased by $1,068,000 (74.6%) compared to the previous 30 day period (September 30 - October 29) and up $1,710,000 (216.5%) from the same time one year ago.Inventory Change
There were 6 5-bedroom homes listed in Grey Highlands over the last 30 days (October 30 - November 28), which is up ∞ compared with the previous 30 day period (September 30 - October 29) and up 200.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Grey Highlands typically sold ($495,000) (19.8%) below asking price over the last 30 days (October 30 - November 28), which represents a $362,000 decrease compared to the previous 30 day period (September 30 - October 29) and ($49,500) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Grey Highlands over the last 30 days (October 30 - November 28) stood at 16.7%, down from ∞ over the previous 30 days (September 30 - October 29) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Grey Highlands stood at 123 days when successfully sold over the last 30 days (October 30 - November 28), compared to 152 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Meadowtowne Realty, Brokerage
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