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$ 1,399,000
Est. payment | /mo
2 Baths
2,317 SqFt
$ 1,399,000
Est. payment | /mo
2 Baths
2,317 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,317 sqft
Price per Sqft $603
Subdivision Georgetown
MLS Listing ID W12175953
Building Age 51-99
Annual Tax Amount $17,484
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Halton
Community Georgetown
Area Halton
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Yes
Lot Frontage 60.08
Lot Depth 185.61
Others
Virtual Tour https://www.winsold.com/tour/406819
Listed by ROYAL LEPAGE MEADOWTOWNE REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN