408002 Grey Road 4 - Apartments FOR SALE


Maxwell, ON N0C 1J0
$449,000 CAD
416-919-9802
408002 Grey Road 4, Maxwell, ON for Sale
$449,000 CAD
Apartments - FOR SALE
1/25
null | Request Cap Rate

408002 Grey Road 4
Maxwell, ON N0C 1J0


OVERVIEW

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

FOR SALE DETAILS

PRICE

$449,000 CAD

PRICE/SF

$107 CAD /SF

# OF UNITS

4

PRICE/UNIT

$112,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,374 SF

ZONING

C2

APN/PARCEL ID

420814000415400

ASK ABOUT THIS PROPERTY

Denise DilbeyRoyal LePage Meadowtowne RealtyMore Info
416-919-9802

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Denise DilbeyRoyal LePage Meadowtowne RealtyMore Info
416-919-9802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.