$ 449,000
408002 GREY RD 4 Grey Highlands, ON N0C1J0
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$ 449,000
Est. payment /mo
Price Dropped by $4.0M
408002 GREY RD 4 Grey Highlands, ON N0C1J0
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Rural Grey Highlands
MLS® Listing ID X9392199
Bedrooms 7
Originating Board Toronto Regional Real Estate Board
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. **** 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. (id:24570)
Location
Province ON
Rooms
Extra Room 1 Second level 3.97 x 2.74 Bedroom 5
Extra Room 2 Second level 3.97 x 2.74 Bedroom
Extra Room 3 Second level 4.3 x 2.44 Bedroom 2
Extra Room 4 Second level 4.3 x 3.38 Bedroom 3
Extra Room 5 Second level 4.3 x 3.38 Bedroom 4
Extra Room 6 Second level 4.91 x 4.33 Living room
Interior
Heating Forced air
Cooling Window air conditioner
Fireplaces Number 1
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Septic System
Listed by ROYAL LEPAGE MEADOWTOWNE REALTY
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