Prime Investment Opportunity! This income-generating commercial property in Georgetown offers strong potential for both investors and owner-users. Situated at the high-visibility corner of Guelph Street (Highway 7) and Maple Avenue, the property is located within the Georgetown GO Station Area Secondary Plan, a key gateway in the Towns Sustainable Halton Plan. This opportunity provides stable income from 5 of 6 tenanted units on net escalating lease agreements, ensuring long-term value. The property spans 7,020 SF Gross Leasable Area and features onsite parking for approximately 20 vehicles with access from Maple Avenue only. Currently zoned GCN3 [H4], the property allows for professional offices, medical, dental, laboratory, accountants, and other service-based businesses, though it is not suitable for Cultural Centre, Church, or School uses. A takeout restaurant may be permitted with a maximum of six table settings, subject to approval from the Town of Halton Hills. The property enjoys high-traffic exposure and is just steps from the GO Station, bus routes, four schools, and Dominion Seed Park. Lease terms are Net + TMI, with tenants responsible for utilities and business expenses. Lease hold improvements are at the tenants expense. The property is being sold "as is, where is" without any implied or expressed warranties. (id:4069)
Address
116 GUELPH STREET
List Price
$2,950,000
Property Type
Office
Type of Dwelling
Offices
Area
Ontario
Sub-Area
Halton Hills (georgetown)
Bathrooms
6
Floor Area
21,356 Sq. Ft.
Lot Size
39.48 x 184.38 FT ; 39.48 ft [N] x 184 [W] Sq. Ft.
MLS® Number
W12040948
Listing Brokerage
ROYAL LEPAGE MEADOWTOWNE REALTY
Postal Code
L7G4A3
Zoning
GCN3 (H4)
Site Influences
Highway
Features
Irregular lot size
