344 Sykes Street, Meaford, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Meaford. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $575,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 78.32 x 238.9 ft lot size
Description
Exceptional Commercial Development Opportunity in Downtown Meaford. High traffic location on bustling Sykes St North in downtown Meaford, across the street from the water. Vacant land in urban areas seldom come to market, making this an excellent chance to invest in the growth of Meaford and Southern Georgian Bay. This vacant piece of land offers a prime opportunity for a commercial venture (excellent location for car wash). Spanning just under an acre, this lot enjoys close proximity to essential Meaford amenities including the regional Hospital, community centre, golf club, yacht club, shops, and restaurants. Zoned for urban highway commercial use, the property accommodates a wide range of potential businesses and services, such as accommodation facilities, auto services, retail, institutional uses, restaurants, and storage. With its strategic location on the main thoroughfare and its unique proximity to the waterfront, this is a rare opportunity to own in the heart of Meaford's vibrant community.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 344 Sykes Street N, Meaford, ON N4L 1J4
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Meaford, ON
For a property listed at $575,000 in Meaford, the legal minimum down payment is $32,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,975 for this transaction. As this listing is in Meaford (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
