29 SYKES Street
Meaford, ON
7,850 sqft • Store W Apt/Office • 125 days on market
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.
Listing Details
- Taxes (2025)
- $8,809
- Listed
- April 22, 2026
Price History
Property
- Lot Size
- 44.92 x 132.16 Feet
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- Sykes & Trowbridge
- Zoning
- C1
- Parcel Number
- 371080208
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
- Office / Apartment Area
- 2550 Sq Ft
Community
Postal area N4L
- Population
- 8,337
- Private dwellings
- 4,293
- Median age
- 54.4
- Average household size
- 2.2
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Meaford · last 12 months
- Median sold price
- $690,000
- Homes sold
- 179
- Median days on market
- 54
- Sale-to-list price
- 93.8%
Based on 179 recorded sales of commercial properties in Meaford over the last 12 months.
Listed by
Forest Hill Real Estate Inc.
Location
Commercial figures
- Building area
- 7,850 sq ft
- Price per sq ft
- $214.65
- Annual property tax
- $8,809
- Tax per sq ft
- $1.12
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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