5 beds · 3 baths · 4212 sqft
LIVE / WORK convenience of being your own boss with additional income. Discover a unique investment and live-work opportunity with this prime retail and residential building occupying a 58x150 ft corner site. Located at the bustling intersection of Grey Rd 4 & 2, this property spans 4,212 square feet, featuring two residential units and one retail unit, providing a diversified income stream. Residential Unit 1 is a spacious 2,106 sq ft, offering 2 bedrooms, a kitchen, and a 3 pc washroom. Residential Unit 2 is 1,288 sq ft, also with 2 bedrooms, a kitchen, and a 4 pc washroom. Unit 3, a studio combining retail space, measures 1,288 sq ft and includes Unit 4 a bachelor unit with a kitchenette, 3 pc washroom, and fireplace. The property is equipped with ample parking for 6 cars. Significant updates have been made, including windows, insulation, a hot water tank (owned), updated shingles, eavestroughs, soffits, fascia, water system, hydro panel, and oil tank. Additionally, the property features 2 hydro meters for convenience and cost management. The location is unparalleled, within a 30-minute drive of Collingwood and Blue Mountain. It is also close to various 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. The residential units are currently occupied by long-term tenants on a month-to-month basis, offering flexibility for new ownership. This versatile building, with a proven track record of income generation, is perfect for those looking to expand their investment portfolio or establish a live-work setup. The property is offered as is, where is, and includes all chattels owned by the seller. 2nd Flr Unit 1 room sizes are estimated. (id:39198)
Building Type House, Detached
Year built 1890
Square Footage 4212 sqft
Stories 2
Bedrooms 5
Bathrooms 3
Parking 6
NeighbourhoodGrey Highlands
Land size under 1/2 acre
Heating type Baseboard heaters, Forced air, Radiant heat
Basement typePartial (Unfinished)
Parking Type
Time on REALTOR.ca68 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: Royal LePage Meadowtowne Realty Brokerage
Home price
$459,000
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$4,175 / month
Rent $3,692
Savings $483
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$3,680 / month
Rent $3,579
Savings $100
Initial deposit 5%
Savings target Fixed at 5%