Message Number428050
statusActive
Subject LineDowntown Georgetown Plaza
Business area
Canada
Ontario
Greater Toronto area
Georgetown
Have/WantHave
Business categoryShopping Centres/Strip Plazas/Retail
Date of ListingAugust 11 2024
Type DescriptionRetail and Office
LocationDowntown
Price$4,249,000.00
Building area13700
Site area19899.41
ZoningDC1
Gross Income363800.70
Expenses109000
Net Income255000
Cap Rate6
CommentsHere's an exceptional opportunity to own a prestigious building with 85 ft frontage on Main Street South, situated on a 0.458-acre lot with dedicated parking accessible from Back Street, right in the heart of Downtown Georgetown. This landmark property features +/- 13,700 SF of net rentable space, plus full basements, making it an ideal investment. The building is fully occupied with excellent tenants and offers the flexibility to be divided for additional rental income. Zoned for a wide range of uses, this versatile property is perfect for retail, restaurant, educational facility, place of worship, speciality foods or professional services. Located in a growing area near residential areas, the Halton Hills Public Library, and the John Elliott Theatre, this property is well-positioned for success. Main Street South is a well-maintained, divided road lined with various retail and businesses, complete with sidewalks, parallel street parking, and public parking lots. The road is closed every Saturday morning from June to October for the local farmers' market, adding to the vibrant community atmosphere. The area is well-served by GO bus transit, with stops on Main and Mill St, and the GO train station is within walking distance. The property includes separate hydro and gas meters, as well as individual HVAC systems for each unit. Businesses in the vicinity benefit from year-round events organized by the Business Improvement Area (BIA). This property is located within the Town of Halton Hills' "Destination Downtown" secondary plan, which encourages higher-density residential developments to enhance the Downtown Core. A recently completed condo development off Mill St, with more under construction, is set to increase foot traffic in this highly desirable area of Georgetown.
Internet Linkshttps://www.winsold.com/tour/360885
Member Identifier5860
ControlMLS
NameDenise Dilbey, CIPS, SRES,
TitleBroker
Company NameRoyal Lepage Meadowtowne Realty, Brokerage
Address Line One324 Guelph Street
CityGeorgetown
State/ProvinceOntario
Zip/Postal CodeL7G 4B5
CountryCanada
Business Phone Number(905)877-8262
Cell Number416-919-9802
Home Number416-919-9802
FAX Number905-877-0705
Email AddressSend Email
Home PageHome Page

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