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$1,550,000
Status: For Sale
Attention All Investors & Developers!! You have two options with this property: (1) keep this as a cash flowing 4-plex investment property; or (2) apply to build 6 or 7 townhouses on this site. Amazing Opportunity To Own A Large Fully Tenanted 4-Plex On A Huge 142Ft X 132Ft Lot Steps To Historic Downtown Georgetown! This Is A Very Lucrative Opportunity With Excellent Income And Huge Development Potential!!Legal Non-Conforming Status. Separately Metered Hydro W/ Separate Entrance To Each Unit. Projected revenue of $100,800 per year. For Sale at a 5.19% Cap Rate. Property can be VACANT ON CLOSING. Contact the Listing Agent for the property's financial statements and more information regarding possible re-zoning & development of this property.
| Property Type | :Residential |
|---|---|
| MLS Number | :W10410272 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :07 Nov, 2024 (14 Days ago) |
| Source | :TRREB |
| Area | :Halton |
|---|---|
| Community | : Georgetown |
| Postal Code | :
L7G 3G8
|
| Price | : $1,550,000 |
|---|---|
| Property Taxes | :$5552.02 |
| Tax Year | :2024 |
|---|
| Bedrooms | :7 + |
|---|---|
| No. of Rooms | :20 |
| Air Conditioning | :None |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Main/Guelph St |
| Bathrooms | :4 |
|---|---|
| Fuel | :Gas |
| Elevator | :No |
| Approx Square Footage | :3000-3500 sqft |
| Fireplace/Stove | :No |
| Exterior Finish | :Alum Siding |
|---|---|
| Parking Space | :10 |
| Basement | :Sep Entrance |
| Garage | :Detached |
|---|---|
| Laundry Level | :Main |
07 Nov, 2024
TREB #W10410272
Property update
$1550000.0
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