118 High Street Georgina, Ontario L0E 1R0
$898,800
Prime Mixed-Use Investment Opportunity Fully Tenanted 5-Unit Building With 3 Street-Facing Commercial Units And 2 River-Facing Residential Apartments. Generating $6,000/Month Gross Income With Potential Market Rent Of $8,500/Month. Recent $200,000 In 2024 Upgrades, Including New Heating And Cooling Systems, Ductwork, Plumbing, Electrical, And Siding, Soffit, Fascia, And Eaves, Windows, Doors, Complete Reno Of Apartments & Much More! All Hydro Separately Metered And Paid By Tenants. Long-Term Leases In Place (3- And 5-Year Terms). Operating Expenses Include Property Taxes: $7,156 (2024), Gas: $250/Month, Water: $100/Month, And Insurance: $300/Month. This Is The Best Deal In The Area For A Fully Renovated, Income-Generating Property With Long-Term Tenants And Significant Upside Potential. (id:50886)
Property Details
| MLS® Number | N11884994 |
| Property Type | Retail |
| Community Name | Sutton & Jackson's Point |
| AmenitiesNearBy | Highway, Public Transit |
Building
| BathroomTotal | 4 |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 2810 Sqft |
| Type | Residential Commercial Mix |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 115 Ft |
| SizeFrontage | 51 Ft ,6 In |
| SizeIrregular | Unit=51.56 X 115.06 Ft |
| SizeTotalText | Unit=51.56 X 115.06 Ft |
| ZoningDescription | C1-1 |
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Steven Sarasin
Salesperson
25 Millard Ave West Unit B - 2nd Flr
Newmarket, Ontario L3Y 7R5
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December 15 2024 11:04:03
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