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Renanza Realty
For sale

28408 HIGHWAY 48 ROAD

Georgina (Virginia), Ontario

MLS® N13864718

$1,899,000

Status
Active
Property type
House
MLS® number
N13864718
Bedrooms
7
Bathrooms
9
Year built
—

Listing description

Rare investment and redevelopment opportunity on Highway 48 in Georgina. Situated on approximately 4. 5 acres with approximately 463 feet of prominent highway exposure, this established mixed use property combines immediate income with substantial long term potential.

The main level features established commercial uses, including Circle K convenience store and Coffee Time, while the second floor contains five residential apartments. The building also includes a full basement and is identified as containing 16 rooms, 7 bedrooms, 9 washrooms and 6 kitchens. The large irregular parcel provides excellent visibility, ample on site space and flexibility for an investor, developer or owner user.

The property is RU and C2 zoning, together with well and septic services. Subject to confirmation of zoning, servicing, environmental requirements and municipal approvals, the commercially zoned portion may support additional retail or restaurant space, professional or medical offices, a hotel or motel, automotive or fuel related uses, equipment or vehicle sales, commercial parking, storage and other highway commercial opportunities. Located in the Pefferlaw and Virginia area of eastern Georgina, the property benefits from direct Highway 48 access and proximity to growing residential communities, local businesses and the year round attractions of the Lake Simcoe region.

This is a distinctive opportunity to acquire an established income producing property with recognizable commercial occupants, multiple residential units, substantial highway frontage and approximately 4. 5 acres of land. Financial information is available to qualified buyers upon execution of a confidentiality agreement.

Buyers and their representatives are responsible for conducting their own due diligence regarding zoning, permitted uses, servicing, environmental condition, apartment legality, development potential and all applicable approvals.

Property summary

MLS® number
N13864718
Property type
Single Family
Building type
Residential Commercial Mix
Land size
463 x 394 FT ; Irregular
Annual property taxes
$21,300.00
Parking
No Garage
Days on market
30 days

Features & details

Heating
Forced air, Natural gas
Basement
Full
Exterior features
Aluminum siding

What would this home cost you?

Based on the $1,899,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$8,836 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of EXP REALTY, TORONTO.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.