70 MILL Street , Georgetown Ontario L7G2C9

Sale $3,500,000  | 
Listing # 40716128
View of property Map View of building exterior
Office Listing:

Denise Dilbey, Broker

Arnold Danowski

Arnold Danowski

Real Estate Representative

Phone: 905.821.3200
Mobile: 416.459.3492

arnold@royallepage.ca
https://www.arnolddanowski.com

Royal LePage Meadowtowne Realty, Brokerage (Independently owned and operated)

Brokerage

6948 Financial DR
Mississauga,  ON L5N8J4

Remarks:

Discover a unique investment opportunity in the vibrant heart of Downtown Georgetown with the combined offering of 70 Mill Street and 72-74 Mill Street. This nearly half-acre site, strategically positioned between Guelph Street (Highway 7) and Main Street South, includes two distinctive properties sold together as is, where is, each listed separately with individual MLS numbers. 70 Mill Street, formerly a post office, is a stately residential 12 Unit heritage building featuring green space and surface on-site parking. 72-74 Mill Street, formerly the Roxy Theatre, is a mixed-use property comprising eight commercial offices and four residential units. Together, these properties present a potential redevelopment opportunity in a rapidly evolving area of the Town of Halton Hills. Mill Street is already home to successful residential condominium developments, with additional projects currently in the planning process. Notably, the McGibbon On Main development blends Georgetown’s cherished McGibbon Hotel heritage with contemporary luxury in a 10-storey, 169-unit residential complex. 70-72-74 Mill Street represents a key part of the Downtown Core, offering investors the chance to capitalize on significant redevelopment potential, robust growth prospects, stable rental income, and a reliable net operating income stream. Taxes reflected BIA membership. 72-74 Mill St must be sold with 70 Mill St. 70 Mill St is listed Heritage. Surveys available. This prime downtown location is within walking distance to the library., boutique shops, restaurant and the seasonal Farmer's market (May to October). Public parking is nearby and GO Bus services connect to GO Train for easy commuting. (id:7525)

Investment

Lot Frontage: 105.0 Feet
No. of Parking Spaces: 15
Floor Space (approx): 9474 Square Feet
Built in: 1935
Bedrooms: 10
Bathrooms (Total): 12
Zoning: DC1

Property Features:

Access Type: Road access , Highway access
Amenities Nearby: Park , [] , Playground , Schools , Shopping
Equipment Type: Water Heater
Features: Southern exposure , Conservation/green belt , Laundry- Coin operated
Ownership Type: Freehold
Property Type: Multi-family
Rental Equipment Type: Water Heater
Sewer: Municipal sewage system
Structure Type: Porch

Building Features:

Basement Development: Partially finished
Basement Type: Full
Cooling Type: None
Exterior Finish: Brick , Stone
Fire Protection: Alarm system
Foundation Type: Block
Heating Fuel: Natural gas
Heating Type: Radiant heat