8 Sykes Street, Meaford, ON
Property Highlights
Welcome to this remarkable commercial retail 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 $629,000 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 11 x 91 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Commercial ground floor unit with renovated apartment above. Exciting opportunity to become part of the vibrant downtown community in Meaford. The main floor retail/commercial unit is well designed for a variety of uses with neutral decor, high ceilings, gallery lighting, front and back entrances, updated electrical, storage, two-piece washroom, commercial sink and access to basement. Exposure on the main street and customer street parking is a great perk for any business. Some commercial uses include: Art Studio, Retail, Fitness Center, Business/Medical Office, Restaurant (Buyer to perform their due diligence for desired use). Live upstairs or rent out the one bedroom, plus den apartment with it's open loft feel, high ceilings, skylights, white oak engineered hardwood floors, Gorenje ventless washer/dryer, sound proof insulation, four piece bathroom with heated floors, new windows and kitchen with porcelain counters/feature wall and INVISA Cook Top! Too many updates and possibilities in these stunning spaces. Private parking for two vehicles at rear of building is a real bonus. Separate hydro meters.
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Pricing & Value Insights
Data-driven valuation for 8 Sykes Street N, Meaford, ON N4L 1V6
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About Purchasing a Home in Meaford, ON
For a property listed at $629,000 in Meaford, the legal minimum down payment is $37,900 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 $9,055 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 $9,055.
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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.
