2 Bathroom
2317 sqft
Fully Air Conditioned
Forced Air
$1,399,000
Prime Investment Opportunity in Georgetown - This detached commercial property, located on a 60 x 185+/- ft lot, offers a solid investment opportunity in the growing Georgetown area. With a long-term, stable tenant in place since 2022, the property is under a Triple Net lease at a 5.2% cap rate. The current lease is for five years with two additional five-year renewal options, ensuring reliable passive income. Boasting 2,300 +/- sq. ft. of well-maintained lease space, the building is in excellent condition, with recent upgrades including two new HVAC units in 2023 and a roof replacement in 2020. The property is conveniently located with great visibility from Guelph St (Hwy 7) and Mountainview Road S, offering easy access and prominent exposure. Paved parking is available both in front and at the rear of the building. The property is zoned GNC3, allowing for a variety of future uses, adding further value for long-term growth potential. A 2015 survey is available for review. Please Do Not approach tenants or their employees. All showings must be scheduled by appointment only. (id:49187)
Property Details
MLS® Number
|
W12175953 |
Property Type
|
Office |
Community Name
|
Georgetown |
Amenities Near By
|
Highway |
Features
|
Irregular Lot Size |
Parking Space Total
|
10 |
Building
Bathroom Total
|
2 |
Age
|
51 To 99 Years |
Cooling Type
|
Fully Air Conditioned |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Size Interior
|
2317 Sqft |
Type
|
Offices |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Land Amenities
|
Highway |
Size Depth
|
185 Ft ,7 In |
Size Frontage
|
60 Ft |
Size Irregular
|
60.08 X 185.61 Ft ; West 50.07 Ft And North 220.61 Ft |
Size Total Text
|
60.08 X 185.61 Ft ; West 50.07 Ft And North 220.61 Ft |
Zoning Description
|
Gnc3 [h] |
https://www.realtor.ca/real-estate/28372470/4-mountainview-road-s-halton-hills-georgetown-georgetown