43 Guelph Street Georgetown, Ontario L7G 3Z6
$1,200,000
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:52603)
Property Details
| MLS® Number | 40604588 |
| Property Type | Retail |
| Amenities Near By | Schools |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Southern Exposure, Visual Exposure, Paved Driveway |
| Parking Space Total | 15 |
| Sign Type | Signband |
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 | 6153.0000 |
| Size Interior | 6153 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 116 Ft |
| Size Frontage | 80 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ldr1-2 |
Utilities
| Natural Gas | Available |
https://www.realtor.ca/real-estate/27035024/43-guelph-street-georgetown
324 Guelph Street Unit # 12
Georgetown, Ontario L7G 4B5
(905) 877-8262
www.meadowtowne.com/
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July 05 2024 11:36:39
Guelph & District Association of REALTORS®
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