118 High Street, Georgina, ON L0E 1R0

Georgina L0E 1R0 Ontario

MLS: N12108372

$848,800

Added 32 days ago | For Sale

Listed by: RE/MAX HALLMARK YORK GROUP REALTY LTD.

About Property

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.

Features

  • House Style:Store W Apt/Office
  • Bathrooms:4
  • Land Size: 51.56 X 115.06
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Hwy 48 / High Street
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $7156
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:N12108372

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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