$1,200,000
FOR SALE

Commercial/Retail

Lot: 80 x 116 ft

43 Guelph Street
Georgetown, ON L7G 3Z6

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. (id:47421)
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Listed By Royal LePage Meadowtowne Realty Brokerage
Data Provided By OnePoint - Guelph
MLS® Listing Number 40604588
Last Updated Oct 07, 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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