$3,200,000

For sale

139 MAIN Street South, Halton Hills - Multi-family for Sale

139 MAIN Street South, Halton Hills, Ontario, L7J2M1

8 beds15 baths16 parking11,950 ft²Listed 35 days ago

Overview

This multi-family property in Halton Hills is for sale offering roughly 11,950 sq ft of space. It has been on the market 35 days, fresher than the Halton Hills average of 64 days.

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Description

A Rare Piece of Georgetown History. A Remarkable Investment Opportunity. Welcome to Berwick Hall a distinctive 16 unit multi residential property in the heart of historic Downtown Georgetown. Originally built in 1882 the property is associated with renowned architect E. J. Lennox the architect behind Casa Loma and Toronto’s Old City Hall. Today Berwick Hall offers a mix of bachelor one bedroom and two bedroom suites plus coin operated laundry for additional income. Set on an impressive large corner lot backing onto a ravine the property offers approximately 16 parking spaces strong street presence and immediate access to downtown shops restaurants cafés and amenities. For investors the property offers an attractive cap rate with strong current income and additional upside through rent optimization suite improvements operational efficiencies and future repositioning. The scale of the lot and downtown location may also offer longer term redevelopment or alternative use potential subject to required approvals. For the first time in more than 30 years Berwick Hall is ready for a new owner. History income land and long term opportunity in one remarkable property. (id:66096)

Property Details

MLS®: 40867590
Property Type: Multi-family
Zoning: DC2, EP2
Bedrooms: 8
Bathrooms: 15
Parking: 16
Interior Size: 11,950 ft²
Frontage: 144 ft
Units: 16
Year Built: 1882
Storeys: 2
Basement: Finished, Full
Heating: Other
Cooling: None
Garage: Open
Ownership: Freehold
Property Tax: $19,977/yr
Listed: 35 days ago

Features

Exterior: Stone, Stucco
Lot Features: Laundry- Coin operated

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Halton Hills listings, avg age

64d

Price / ft²

$268

List price

$3.20M

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 8-bed multi-family in Halton Hills has been listed for 35 days, which is 29 days fresher than the city average of 64. Act while there is still low competition.

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Listed by CASORA REALTY INC. · Fernando Ferrari

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7J)

This home lists at $3,200,000, about 29.1× the local median household income of $110,000.

Carrying it typically needs a household income of about $625,072 (20% down, 25-yr amortization, stress-tested) — roughly 468% above the area median.

Median household income: $110,000
Population: 13,766
Median age: 43.6
Owner / renter: 84% / 16%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L7J)

$3,200,000· $268/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $640,000

Min 20%50%

Mortgage payment$13,647/mo

Property tax (est.)$1,665/mo

Total monthly$15,312

Cash Needed to Close

Down payment (20%)$640,000

Land transfer tax$66,475

Est. closing costs$12,100

Total cash needed$718,575

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