Halton Hills L7G 2C9
Canada

Property

Ownership: For Sale
Type: Unknown
Bathrooms: 10
Pets: No Pets Allowed

Financials

Price:C2,400,000
($1,724,500)
(€1,494,000)
Annual Taxes:C16,000
505 Park Ave, New York, NY 10022

72 74 Mill Street is a multi residential and commercial investment building that presents an opportunity to acquire a prominent location in downtown Georgetown.

Description

72-74 Mill Street is a multi-residential and commercial investment building that presents an opportunity to acquire a prominent location in downtown Georgetown. Formerly known as the Gregory Theatre, this 11,542 square foot mixed-use building is zoned DC-1 and generates income from eight commercial offices and four residential units. The 72 Mill Street storefront features a modern metal frame with glass inserts and electronic door openers to meet AODA compliance, along with excellent street visibility, exterior signage exposure, and direct access to the Town of Halton Hills public parking lot for both tenants and visitors. Each residential unit is equipped with a 4 piece bathroom, and four commercial units are equipped with in-suite washrooms and the basement provides two shared washrooms for the public and office tenants. Supported by established long-term tenants, the property offers reliable rental income. The residential component at 74 Mill Street includes four apartments with a separate exterior entrance, ensuring privacy from the commercial spaces. A current survey is available, and property taxes include membership in the local Business Improvement Area. The property is further strengthened by its excellent downtown location, offering strong walkability, high visibility, and proximity to ongoing redevelopment projects. Mill Street is home to successful condominium communities, with additional projects in planning stages. A notable example is the McGibbon on Main development, which is revitalizing historic McGibbon Hotel with a new luxury residential complex currently under construction. With a combination of stable rental income, solid operating returns, and redevelopment potential, 72-74 Mill Street offers investors an outstanding opportunity to secure both income and long-term growth in Halton Hills most visible and evolving downtown locations. Also for sale is 70 Mill Street, a 12-unit apartment building that is immediately adjacent to 72-74 Mill St.

Amenities

  • Available
  • Major Highway

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.