The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Positioned in the heart of downtown Meaford, 28 Sykes Street N presents a well-rounded investment opportunity with CG zoning that supports a wide range of commercial and mixed-use possibilities. Located just minutes from the Meaford waterfront, this property benefits from strong visibility, walkable amenities, and consistent local foot traffic. The building is currently fully tenanted, offering immediate income from both residential and commercial components. The upper residential unit spans approximately 1250 sq ft and features three bedrooms, a full kitchen, living and dining areas, a functional mudroom, in-suite laundry, and a walk-out to a large private deck. The layout is practical and appealing for long-term tenants seeking space and convenience in a central location. At street level, the commercial unit offers approximately 1400 sq ft of usable space with direct exposure to Sykes Street, making it ideal for retail, service-based businesses, or professional use. The presence of an established commercial tenant further enhances the property's income stability, complemented by approximately 9 foot ceiling height that adds to the usability and openness of the space. The property is serviced by separate heating systems, including a natural gas furnace for the lower commercial level and a natural gas boiler serving the upper residential unit, providing efficient and reliable climate control for both spaces. Additional features include a dry basement for storage and the benefit of two deeded parking spaces, a valuable asset in a downtown setting. For investors seeking a mixed-use property in a growing waterfront community, 28 Sykes Street N combines location, zoning flexibility, and reliable tenancy in one strategic offering. Back portion of roof (2015), Roof (2024), Commercial unit renovated (2025), Water heater (2025), Kitchen & laundry (2022), Basement cast iron piping replaced with PVC (2018), Roof top deck, stairs & fencing (2017), Front facade new brick (2016)
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,353/mo
Mortgage (principal + interest)$2,974
Property taxFrom listing: $4,543/yr$379
Minimum $54,500 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$159,000
Ontario land transfer taxProvincial brackets, no first-time refund$12,375
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$174,175
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Meaford has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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