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BEDROOMS4
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ROOMSX9055653
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Property Description
Seize the opportunity to invest in a newly constructed duplex, completed in 2023, located in the heart of Meaford. This property features over 3,000 square feet of rentable space, with each unit offering 2 bedrooms and 2 bathrooms. This duplex boasts modern living with exceptional design and finishes, making this property ideal for investors seeking steady rental income or future resale value. Designed with generous floor plans, including open-concept kitchens and living areas, large bedrooms with ensuites, and plenty of natural light. Each unit also comes equipped with its own laundry facilities, garage, separate entrance, and hydro meter. This duplex is economically efficient to operate and generates impressive income with stabilized rents. Meaford is a thriving community and regional center with a strong focus on business, health, education, tourism, and culture, contributing to its stable economic base. The growing demand for rental properties in Meaford ensures a consistent rental market, making this an excellent addition to any investment portfolio with an attractive cap rate. Don't miss out on this exceptional investment opportunity in one of Ontario's most charming and rapidly developing towns.
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Property Features
Hospital, Park, Rec Centre, School Bus Route
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Property Details
Street
Community
City
Property Type
Duplex, Bungalow
Approximate Sq.Ft.
3000-3500
Lot Size
61' x 86'
Fronting
West
Taxes
$3,933 (2024)
Basement
Finished, Sep Entrance
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 16.24' x 7.74' | 4 Pc Ensuite, W/I Closet, Vinyl Floor |
| 2nd Br | Main | 11.48' x 10.99' | Vinyl Floor |
| Living | Main | 13.48' x 24.74' | Open Concept, W/O To Deck, Vinyl Floor |
| Kitchen | Main | 13.48' x 13.22' | Centre Island, Stainless Steel Appl, Open Concept |
| Laundry | Main | 5.74' x 9.32' | Vinyl Floor |
| Foyer | Main | 4.99' x 7.74' | Vinyl Floor |
| 3rd Br | Lower | 12.24' x 15.49' | 4 Pc Ensuite, W/I Closet, Vinyl Floor |
| 4th Br | Lower | 10.56' x 12.24' | Vinyl Floor |
| Living | Lower | 12.89' x 19.91' | Open Concept, Vinyl Floor |
| Kitchen | Lower | 8.50' x 10.56' | Stainless Steel Appl, Open Concept, Vinyl Floor |
| Laundry | Lower | 5.31' x 7.32' | Vinyl Floor |
| Foyer | Lower | 4.49' x 7.05' |
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Meaford Market Statistics
Meaford Price Trend
342 Thompson St is a 2-bedroom 4-bathroom home listed for sale at $849,900, which is $89,900 (11.8%) higher than the average sold price of $760,000 in the last 30 days (August 8 - September 6). During the last 30 days the average sold price for a 2 bedroom home in Meaford declined by $120,000 (13.6%) compared to the previous 30 day period (July 9 - August 7) and down $67,500 (8.2%) from the same time one year ago.Inventory Change
There were 0 2-bedroom homes listed in Meaford over the last 30 days (August 8 - September 6), which is down 100.0% compared with the previous 30 day period (July 9 - August 7) and down 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Meaford typically sold ($69,900) (9.2%) below asking price over the last 30 days (August 8 - September 6), which represents a $12,100 increase compared to the previous 30 day period (July 9 - August 7) and $13,125 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Meaford over the last 30 days (August 8 - September 6) stood at ∞, up from 50.0% over the previous 30 days (July 9 - August 7) and up from 200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 4-bathroom home in Meaford stood at 70 days when successfully sold over the last 30 days (August 8 - September 6), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Realty Centres
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