408002 County Road 4 Road, Grey Highlands | Image 1

408002 County Road 4 Road

Grey Highlands, Rural Grey Highlands

  • Commercial

$479,000
For Sale

Added 4 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: Commercial & Res

  • Age: 100+ years

  • Taxes: 1932.52

  • MLS®#: X8187334

  • Days on Site: 6 Days

  • Added: Apr 01, 2024 (4 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE MEADOWTOWNE REALTY

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.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 100+

  • Area: Grey Highlands

  • Community: Rural Grey Highlands

  • Availability Date: TBA

Inside

  • Bathrooms: 3

  • Air Conditioning: N

  • Washrooms: 3

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Oil Forced Air

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply Type: Drilled Well

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Well

  • Physically Handicapped-Equipped: N

  • Amps: 200

Parking

  • Garage Type: None

  • Covered Parking Spaces: 6

  • Trailer Parking Spots: 1

Fees

  • Tax Year: 2023

  • Tax Legal Description: 408002 Gray Road 4, Maxwell

  • Taxes: $1,933

  • Expenses: Est

  • Insurance Fee: 2600

  • Heat Expenses: 6000

  • Other Expenses: 960

  • Taxes Type: Annual

  • Taxes: 1933

Land

  • Cross Street: Grey County Road 2

  • Municipality District: Grey Highlands

  • Parcel Number: 372620207

  • Sewer: Septic

  • Lot Depth: 150 Feet

  • Lot Frontage: 58.5 Feet

  • Zoning: Commercial & Res

Shipping Doors

  • Clearing Height (ft): 6

  • Clearing Height (in): 5

Commercial Specific

  • Retail Area: 1288

  • Retail Area Metric: Sq Ft

  • Total Area: 4212

  • Total Area Metric: Sq Ft

  • Office Size: 3394

  • Office Size Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Skiing

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Financial Statement: N

  • Gross Income/Sales: 31000

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