Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:C3,200,000
($2,245,600)
(€2,004,100)
Annual Taxes:C19,977
A Rare Piece of Georgetown History.
Description
A Rare Piece of Georgetown History. A Remarkable Investment Opportunity. Welcome to Berwick Hall a distinctive 16 unit multi residential property with 8 bachelors,7 1 bedroom and 1 2 bedroom in the heart of historic Downtown Georgetown. Originally built in 1882 the property is associated with renowned architect E. J. Lennox the architect behind Casa Loma and Toronto's Old City Hall. Today Berwick Hall offers a mix of bachelor one bedroom and two bedroom suites plus coin operated laundry for additional income. Set on an impressive large corner lot backing onto a ravine the property offers approximately 16 parking spaces strong street presence and immediate access to downtown shops restaurants cafes and amenities. For investors the property offers an attractive cap rate with strong current income and additional upside through rent optimization suite improvements operational efficiencies and future repositioning. The scale of the lot and downtown location may also offer longer term redevelopment or alternative use potential subject to required approvals. For the first time in more than 30 years Berwick Hall is ready for a new owner. History income land and long term opportunity in one remarkable property.
Amenities
- Available
- Public Transit
- Recreation/Community Centre
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.
