118 High Street
Georgina, L0E 1R0
FOR SALE
$848,800
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Store W Apt/Office
CATEGORY2,810 Sq Ft
TOTAL AREAN12108372
MLSIDContact Us
Property Description
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.
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Property Details
Address
118 High Street
Community
City
Postal Code
L0E 1R0
Property Type
Store W Apt/Office, Store W Apt/Office
Use
Store With Apt/Office
Zoning
C1-1
Lot Size
52' x 115'
Total Area
2,810 Sq Ft
Office Area
760 Sq Ft
Retail Area
2,050 Sq Ft
Taxes
$7,156 (2024
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Hallmark York Group Realty Ltd.
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