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Georgetown,ON L7G 3Z6
Key Details
Property Type Commercial
Sub Type Retail,Building and Land
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 6,153 sqft
Price per Sqft $195
MLS Listing ID 40604588
Abv Grd Liv Area 6,153
Originating Board Guelph & District
Year Built 1915
Annual Tax Amount $18,244
Property Description
Investment Opportunity on Guelph St [Hwy 7] in Georgetown. This two-story building includes 5 commercial tenants containing a total of 4,777 leasable space. Positioned just east of Mill Street, the property offers outstanding visibility and access, along with ample parking for approximately 15 vehicles. A range of tenants a salon, a used clothing store, office space, storage, and a tattoo studioproviding a stable source of income. All units are currently tenanted with commercial uses. The property is equipped with 1200 AMP three phase electrical - making this site potentially the ideal call center, BIT Coin operations or other commercial uses requiring lots of hydro. The property site covers a total area of 8,966 square feet and benefits from legal, non-conforming zoning within the current Official Plan. It is located within the Mill Street Corridor, an area designated for strategic redevelopment as per the Georgetown GO Station Area Secondary Plan. Its proximity to downtown Georgetown and the GO station enhances its appeal, making it a highly desirable investment for both current commercial use and residential projects. Access to the rear parking area from Guelph Street is via a Right of Way over the Town of Halton Hills Sewer Easement. According to the property survey, the eastern boundary of the lot meets this Sewer Easement at the end of the retaining wall. Current uses are permitted as Commercial Retail, the zoning under the official plan does not allow future extensive Commercial uses however, the property could potentially be repurposed to support Low Density Residential [LDR 1] uses in the future. Property is offered "as is, where is" without any representations or warranties. A Confidentiality Agreement must be submitted to receive financials. Property is offered "as is, where is" without any representations or warranties.
Location
Province ON
County Halton
Area 3 - Halton Hills
Zoning LDR1-2
Direction Corner of Mill Street and Guelph Street AKA Highway 7
Rooms
Basement Full
Kitchen 0
Interior
Interior Features High Speed Internet
Fireplace No
Exterior
Garage Asphalt,Guest
Utilities Available Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup
Waterfront No
Lot Frontage 79.99
Lot Depth 115.5
Garage No
Building
Lot Description Irregular Lot,Ample Parking,City Lot,High Traffic Area,Schools,Visual Exposure
Faces Corner of Mill Street and Guelph Street AKA Highway 7
Story 2
Foundation Brick/Mortar,Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick,Vinyl Siding,Wood Siding
New Construction No
Others
Senior Community false
Tax ID 250400006
Ownership Freehold/None