Homes for sale - 43 Guelph Street, Georgetown, ON L7G 3Z6

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Ivan Gascho

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$ 1,200,000

Est. payment -/mo

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Active Under Contract

43 Guelph Street Georgetown, ON L7G 3Z6

6,153 SqFt

UPDATED:

11/14/2024 01:52 PM

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

Listed by Royal LePage Meadowtowne Realty Brokerage

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

Ivan Gascho

43 Guelph Street Georgetown, ON L7G 3Z6

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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43 Guelph Street