Royal LePage Don Hamilton Real Estate Brokerage
408002 4 Grey Road Maxwell, Ontario N0C 1J0
$459,000
This property presents a remarkable opportunity for development in a thriving area, located at a busy corner that ensures high visibility and traffic. Currently, the store space now vacant and perfectly suited for a general or variety store. Additionally, there are two legal residential offering income from month-to-month leases. This mixed-use commercial building offers a unique investment and live-work opportunity. The building is strategically positioned at the intersection of Grey Rd 4 & 2, covering 4,212 square feet of income-producing rental space zoned for C2 highway and service commercial use. The property comprises of residential units and one commercial unit, providing a diversified income stream. Residential Unit 2 spans 2,106 square feet, Unit 1 covers 1,288 square feet, and Unit 4 is a studio that integrates with Unit 3 commercial space, also measuring 1,288 square feet. Updates have been made to include windows, insulation, a hot water tank (owned), shingles, eavestroughs, soffits, facia, a well water system, hydro panel, and an oil tank. The property also features 2 hydro meters for convenience and cost management. Ample parking space is available, with room for 6+ cars, accommodating both residential and commercial tenants. The residential units are currently occupied by excellent long-term tenants on a month-to-month basis without formal leases, offering flexibility for new ownership. The location is unmatched, within a 30-minute drive of Collingwood and Blue Mountain, and close to various amenities such as schools, trails, golf courses, conservation areas, provincial parks, Lake Eugenia, and Kolapore ski trails. This makes it an attractive place to live, work, and play. Whether you aim to expand your investment portfolio or seek a live-work setup, this commercial mixed-use building in Maxwell offers exceptional potential. (id:51300)
Property Details
| MLS® Number | 40614704 |
| Property Type | Other |
| AmenitiesNearBy | Schools |
| CommunicationType | High Speed Internet |
| CommunityFeatures | High Traffic Area |
| EquipmentType | Propane Tank |
| Features | Visual Exposure, Crushed Stone Driveway |
| RentalEquipmentType | Propane Tank |
| SignType | Pylon, Signband |
Building
| BasementType | Partial |
| ConstructedDate | 1890 |
| ExteriorFinish | Aluminum Siding, Brick Veneer |
| FireProtection | Alarm System, Security System |
| FoundationType | Stone |
| StoriesTotal | 2 |
| SizeExterior | 4212.0000 |
| SizeInterior | 4212 Sqft |
| UtilityWater | Well |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Schools |
| Sewer | Septic System |
| SizeDepth | 150 Ft |
| SizeFrontage | 58 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C2 |
Utilities
| Electricity | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27116306/408002-4-grey-road-maxwell
Denise Dilbey
Broker
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July 05 2024 06:07:15
Guelph & District Association of REALTORS®
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