408002 Grey Rd 4
$449,000
$449,000

408002 Grey Rd 4

Rural Grey Highlands, Grey Highlands, Grey County $449,000

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7 Beds
3 Baths
3500-5000 sqft
Parking for 6
N Facing
Zoning: C2 Store with Legal 2 Residential Units
MLS®#:
X9392199
Property Type:
Store W/Apt/Office
Property Style:
2-Storey
Area:
Grey County
Community:
Rural Grey Highlands
Taxes:
$1,937.52 / 2024
Added:
October 10 2024
Lot Frontage:
58.50
Lot Depth:
150.00
Status:
Active
Outside:
Brick
Year Built:
100+
Basement:
Part Bsmt
Brokerage:
ROYAL LEPAGE MEADOWTOWNE REALTY
Lot (Feet):

150

58

Intersection:
South East Corner of Grey Road 2 & 4
Rooms:
16
Bedrooms:
7
Bathrooms:
3
Fireplace:
Y
Utilities
Water:
Well
Cooling:
Window Unit
Heating Type:
Forced Air
Heating Fuel:
Oil
Office 11.34 x 5.82m
W/O To Porch, Irregular Rm, Window
Br 6 x 4.66m
3 Pc Bath
Living 4.66 x 4.66m
Fireplace, Window, Walk-Out
Kitchen 5.33 x 3.8m
Open Concept, Combined W/Dining, W/O To Yard
2nd Br 4.3 x 2.44m
Walk-Out
3rd Br 4.3 x 3.38m
Window, Combined W/Laundry
4th Br 4.3 x 3.38m
Window, Combined W/Laundry
Living 4.91 x 4.33m
Window
Kitchen 3.98 x 3.97m
5th Br 3.97 x 2.74m
Window
Br 3.97 x 2.74m
4 Pc Bath
Office 2.74 x 2.74m
Window

Listing 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.

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.


Property Features

Level
Place Of Worship
School

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