$479,000
FOR SALE

Investment

Lot: 58.5 x 150 ftTotal Area: 4,212 ft2
2023 Taxes: $1,932.52

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

Investment opportunity. This commercial mixed-use C2 highway and service commercial zoned building offers 4,212 sq ft of income-producing rental space in Maxwell. Live and work opportunity on a busy corner of Grey Rd 4 & 2. Res Unit 1- 2,106 SF; Res Unit 2 1,288 SF; Res Unit 3 Studio is combined with Com Unit 4- 1,288 SF. 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. Significant updates have been made to ensure the building's efficiency and comfort, including new windows, insulation, a hot water tank (owned), shingles, eavestroughs, soffits, facia, a well water system, an upgraded hydro panel, and 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, within a 30-minute drive of Collingwood & 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 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
Floor plan does not record Unit 1. Includes all chattels owned by Seller. Excludes Tenants' belongings. The property is offered as is, where is.
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Listed By ROYAL LEPAGE MEADOWTOWNE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8187334
Last Updated Apr 01, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
PIN 372620207
Legal Description 408002 Gray Road 4, Maxwell
Occupancy Tenant
Possession Date TBA
Taxes (2023) $1,932.52
Tax Type Annual
Directions/Cross Streets Grey County Road 2
Neighbourhood Rural Grey Highlands
Area Grey County
Price History

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Detailed Information
Freestanding Y
Bathrooms 3
Lot 58.5 x 150 ft
Retail Area 1,288 ft2
Office/Apt Area 3,394 ft2
Total Area 4,212 ft2
Approximate Age 100+
Air Conditioning N
Basement Y
Chattels Y
Garage Type None
Parking Spaces 6
# Trailer Parking Spots 1
Amps 200
Heat Type Oil Forced Air
Financial Statement N
Gross Income/Sales $31,000
Heat Expenses $6,000
Insurance Expense $2,600
Taxes Expense $1,933
Other Expenses $960
Expenses Actual/Estimated Est
Outside Storage N
Area Influences Major Highway, Skiing
Sewers Septic
Utilities Y
Water Supply Types Drilled Well
Water Well
Clear Height 6 feet 5 inches
Lot/Bldg/Unit Code Lot
Zoning Commercial & Residential
Seller Property Info Statement N

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