$479,000 FOR SALE

Triplex

Bedrooms: 6Bathrooms: 3Lot: 58 x 150 ft

408002 Grey Road 4
Maxwell, ON N0C 1J0

This Retail and Residential Building offers you a unique investment and live-work 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. 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 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, offering flexibility for new ownership. Unit 1: 2 bedroom with Kitchen and 3 pc washroom Unit 2: 2 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. 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 mixed-use building in Maxwell offers potential. Includes all chattels owned by Seller. The property is offered as is, where is. (id:47423)

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Listed By Royal LePage Meadowtowne Realty Brokerage
Data Provided By Guelph & District Association of REALTORS®
MLS® Listing Number 40563627
Last Updated Apr 02, 2024
Property Summary
Property Type Triplex

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Subdivision Grey Highlands
Price History
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Detailed Information
Bedrooms 6
Bathrooms 3
Lot 58 x 150 ft
Amenities Nearby Golf Nearby, Place of Worship, Schools, Shopping
Community Features High Traffic Area, School Bus
Equipment Propane Tank
Features Visual exposure, Conservation/green belt, Crushed stone driveway
Listing Contract Date 2024-04-01
Location Description Cty Rd 124 & West on Grey Rd 4 OR Hwy 10 & East on Grey Rd 4.
Ownership Type Freehold
# of Parking Spaces 6
Property Type Multi-family
Rental Equipment Propane Tank
Structures Shed, Porch
Transaction Type For sale
Zoning Description C2
Building
Appliances Central Vacuum, Satellite Dish, Water purifier
Basement Development Unfinished
Basement Type Partial (Unfinished)
Constructed Date 1890
Cooling Type None
Exterior Finish Aluminum siding, Brick, Stone
Foundation Type Stone
Heating Fuel Electric, Oil, Propane
Heating Type Baseboard heaters, Forced air, Radiant heat
Stories Total 2
Type Triplex
Utility Water Well
Land
Total Size under 1/2 acre
Access Type Road access
Amenities Golf Nearby, Place of Worship, Schools, Shopping
Fence Type Partially fenced
Sewer Septic System

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