This retail property in Georgina is for sale offering roughly 14,775 sq ft of space. It has been on the market 29 days, fresher than the Georgina average of 66 days.

Description

RARE OPPORTUNITY FOR INVESTMENT!!! EXCELLENT CAP RATE (Over 8%)!!! Located in a Fast Growing Municipality in YORK Region, A Free Standing Building in Georgina for Established Business for Decades. Rental Income Comes from Commercial and Residentail Tenants. About 5000 square feet for restaurant /bar (Lower level) and another 5000 square feet for 16 legally zoned residential units (upper level), Private Owned Parking Lot Offering 20+ Spots. Minutes to Lake Simcoe, Hwy 48. York Region Public Transit at Doorsteps. In a Mix of Tranquility and Developments of Subdivisions and Condos. 40 Minutes to Markham and Richmond Hill. Income / Expense Reports Available Upon Completion of Attached ConfidentialityAgreement (id:66096)

Property Details

MLS®: N13868976
Property Type: Retail
Zoning: C1-1
Interior Size: 14,775 ft²
Lot Size: 50 × 255 ft (12,623 sq ft)
Frontage: 50 ft
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Garage: Other
Property Tax: $15,426.12/yr
Listed: 29 days ago

Market Timing

Days on market

29d

Georgina (Sutton & Jackson's Point) listings, avg age

66d

Price / ft²

$182

List price

$2.69M

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This retail in Georgina (Sutton & Jackson's Point) has been listed for 29 days, which is 37 days fresher than the city average of 66. Act while there is still low competition.

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Area context

Neighbourhood profile (L0E)

This home lists at $2,690,000, about 29.9× the local median household income of $90,000.

Carrying it typically needs a household income of about $525,451 (20% down, 25-yr amortization, stress-tested) — roughly 484% above the area median.

Median household income: $90,000
Population: 21,898
Median age: 46.8
Owner / renter: 84% / 17%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L0E)

$2,690,000· $182/ft²

For sale

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129 high Street, Georgina (Sutton & Jackson's Point) - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L0E)

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