$1,685,000
29 SYKES STREET N
Beds
—
Baths
—
Sqft
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Year
—
Type
Retail
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Meaford. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Positioned in the heart of downtown Meaford, this mixed-use building offers a rare opportunity to acquire a stabilized, income-producing asset with prominent main street frontage. Comprised of a 4,800 sq ft main flr commercial space & two residential units above, the property blends strong in-place income with upside in a market that continues to see growing demand from investors and end users. The building is fully tenanted, with established occupancy across both the commercial and residential components. The commercial space has been thoughtfully modernized, with improvements including updated flooring, lighting, drywall, washrooms, and mechanical systems, creating a clean, functional environment suited to long-term tenancy. A current commercial lease is in place, providing dependable income from day one. At the rear of the building, a truck-height loading door provides practical access. The rear 500 square foot space is well suited for storage, service use, or additional income potential. The large basement is dry and currently under utilized. The residential component offers two bright, two-story units with large windows and 10-foot ceilings. The two-bedroom unit has been updated with a new kitchen and bathroom, while the three-bedroom unit has been freshly painted and retains original character details. The property delivers immediate cash flow with additional value-add potential through future rent growth and longer-term repositioning. Recent capital upgrades include roof resurfacing (rear 2023, front 2024), electrical panel updates, a new furnace, and air conditioning, positioning the asset for minimal near-term capital requirements.Existing site plan approvals allow for future intensification, including a rear addition, offering flexibility to enhance both scale and returns over time. This is an opportunity to secure a landmark main street holding with a strong foundation and multiple income streams. Financials available upon request. (id:65958)
- Subtype
- Retail
- Structure
- Residential Commercial Mix
- Community
- Meaford
- Living area
- 7,850 square feet
- Lot dimensions
- 44.92 x 132.16 FT
- Parking
- 1 total
- On market
- Apr 22, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $8,809
- Zoning
- C1
- Photos
- 18
- MLS#
- X13032194
- Area
- MEAFORD
Features and systems
Heating
Cooling
Cash on cash
-6.36%
Cap rate
3.59%
GRM
16.7
Break-even rent
$10,304
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.