$1,200,000 FOR SALE

Commercial/Retail

Lot: 80 x 116 ft

43 Guelph Street
Georgetown, ON L7G 3Z6

Investment Opportunity on Hwy 7 [Guelph St] 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 tenantsa salon, a used clothing store, office space, storage, and a tattoo studioproviding a stable source of income. 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, which is an integral part of the Town of Halton Hills planning initiatives related to the implementation of the Sustainable Halton 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 future residential redevelopment 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. All month to month Tenants. Please do not go direct and do not walk the property, or approach the tenants or staff on site. (id:47423)

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Listed By Royal LePage Meadowtowne Realty Brokerage
Data Provided By Guelph & District Association of REALTORS®
MLS® Listing Number 40604588
Last Updated Jun 20, 2024
Property Summary
Property Type Commercial/Retail

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Price History
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Detailed Information
Lot 80 x 116 ft
Amenities Nearby Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Southern exposure, Visual exposure, Paved driveway
Listing Contract Date 2024-06-11
Location Description Corner of Mill Street and Guelph Street AKA Highway 7
Ownership Type Freehold
# of Parking Spaces 15
Property Type Retail
Signage Signband
Transaction Type For sale
Zoning Description LDR1-2
Building
Basement Type Full
Constructed Date 1915
Construction Material Wood frame
Exterior Finish Brick, Vinyl siding, Wood
Fire Protection Alarm system, Security system
Foundation Type Block
Stories Total 2
Size (Exterior) 6153
Utility Water Municipal water
Utilities
Type Description
Natural GasAvailable
Land
Total Size under 1/2 acre
Access Type Road access
Amenities Schools
Sewer Municipal sewage system

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