$449,000 FOR SALE

Store W/Apartment/Office 2-Storey

Bedrooms: 7Bathrooms: 3Lot: 58.5 x 150 ft
2024 Taxes: $1,937.52

408002 Grey Rd 4
Grey Highlands, ON N0C 1J0 | Rural Grey Highlands | Grey County

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.

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Listed By ROYAL LEPAGE MEADOWTOWNE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9392199
Last Updated Oct 11, 2024
Property Summary
Property Type Store W/Apartment/Office

More like this:
PIN 372620207
Legal Description PT LT 11 CON 6 OSPREY AS IN R359970; GREY HIGHLANDS
Parcel of Tied Land N
Possession Date 30 days TBA
Taxes (2024) $1,937.52
Directions/Cross Streets South East Corner of Grey Road 2 & 4
Neighbourhood Rural Grey Highlands
Area Grey County
Price History
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Detailed Information
Fronting On N
Property Features Level, Place Of Worship, School
Special Designations Unknown
Easements Restrictions Unknown
Bedrooms 7
Bathrooms 3
Rooms 16
Kitchens 2
Lot 58.5 x 150 ft
Acreage <.50
Approximate Square Footage 3500-5000
Approximate Age 100+
Exterior Brick, Metal/Side
Elevator N
Air Conditioning Window Unit
Family Room N
Fireplace/Stove Y
Pool None
Laundry Level Upper
Basement Part Bsmt
Drive Private
Garage Spaces 0.0
Garage Type None
Parking Spaces 6
Total Parking Spaces 6.0
Heat Source Oil
Heat Type Forced Air
Other Structures Garden Shed
Rural Services Electrical, Garbage Pickup, Internet Other, Pwr-Single Phase, Recycling Pckup
Sewers Septic
Utilities-Hydro Y
Utilities-Gas N
Utilities-Cable N
Utilities-Telephone A
Water Supply Types Drilled Well
Water Well
Water Delivery Features Uv System, Water Treatmnt
Zoning C2 Store with Legal 2 Residential Units
Seller Property Info Statement N
Rooms
Room Level Dimensions Notes
OfficeMain11.34 m x 5.82 m (37.2 ft x 19.09 ft)W/O To Porch, Irregular Rm, Window
BrMain6 m x 4.66 m (19.69 ft x 15.29 ft)3 Pc Bath
LivingMain4.66 m x 4.66 m (15.29 ft x 15.29 ft)Fireplace, Window, Walk-Out
KitchenMain5.33 m x 3.8 m (17.49 ft x 12.47 ft)Open Concept, Combined W/Dining, W/O To Yard
2nd Br2nd4.3 m x 2.44 m (14.11 ft x 8.01 ft)Walk-Out
3rd Br2nd4.3 m x 3.38 m (14.11 ft x 11.09 ft)Window, Combined W/Laundry
4th Br2nd4.3 m x 3.38 m (14.11 ft x 11.09 ft)Window, Combined W/Laundry
Living2nd4.91 m x 4.33 m (16.11 ft x 14.21 ft)Window
Kitchen2nd3.98 m x 3.97 m (13.06 ft x 13.02 ft)
5th Br2nd3.97 m x 2.74 m (13.02 ft x 8.99 ft)Window
Br2nd3.97 m x 2.74 m (13.02 ft x 8.99 ft)4 Pc Bath
OfficeMain2.74 m x 2.74 m (8.99 ft x 8.99 ft)Window
Bathrooms
Pieces Level
3Main
3Main
42nd

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