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408002 Grey Rd 4 Grey Highlands, Ontario N0C 1J0

7 Bedroom 3 Bathroom
Fireplace Window Air Conditioner Forced Air

$449,000

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:51300)

Property Details

MLS® Number X9392199
Property Type Retail
Community Name Rural Grey Highlands
AmenitiesNearBy Schools, Place Of Worship
EquipmentType Propane Tank
Features Level Lot, Irregular Lot Size, Flat Site, Dry
ParkingSpaceTotal 6
RentalEquipmentType Propane Tank
Structure Porch, Shed

Building

BathroomTotal 3
BedroomsAboveGround 7
BedroomsTotal 7
Amenities Fireplace(s), Separate Heating Controls, Separate Electricity Meters
Appliances Central Vacuum, Water Heater, Water Purifier, Water Treatment
BasementType Partial
ConstructionStatus Insulation Upgraded
CoolingType Window Air Conditioner
ExteriorFinish Brick, Steel
FireProtection Smoke Detectors
FireplacePresent Yes
FireplaceTotal 1
FoundationType Concrete, Stone
HeatingFuel Oil
HeatingType Forced Air
StoriesTotal 2
Type Residential Commercial Mix

Land

Acreage No
LandAmenities Schools, Place Of Worship
Sewer Septic System
SizeDepth 150 Ft
SizeFrontage 58 Ft ,6 In
SizeIrregular 58.5 X 150 Ft
SizeTotalText 58.5 X 150 Ft|under 1/2 Acre
ZoningDescription C2 Store With Legal 2 Residential Units

Rooms

LevelTypeDimensions
Second Level Bedroom 5 3.97 x 2.74
Second Level Bedroom 3.97 x 2.74
Second Level Bedroom 2 4.3 x 2.44
Second Level Bedroom 3 4.3 x 3.38
Second Level Bedroom 4 4.3 x 3.38
Second Level Living Room 4.91 x 4.33
Second Level Kitchen 3.98 x 3.97
Main Level Office 2.74 x 2.74
Main Level Office 11.34 x 5.82
Main Level Bedroom 6 x 4.66
Main Level Living Room 4.66 x 4.66
Main Level Kitchen 5.33 x 3.8

Utilities

Electricity Connected Connected
DSL* Unknown
Wireless Available

https://www.realtor.ca/real-estate/27530451/408002-grey-rd-4-grey-highlands-rural-grey-highlands

Denise Dilbey
Broker


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