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Home ON Greater Toronto Area Georgina
118 HIGH STREET
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118 HIGH STREET $898,800
$898,800
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118 HIGH STREET
Georgina (Sutton & Jackson's Point), Ontario L0E1R0

MLS® Number: N11884994
4
Bathrooms
2810
Square Feet

Listing Description

Prime Mixed-Use Investment Opportunity Fully Tenanted 5-Unit Building With 3 Street-Facing Commercial Units And 2 River-Facing Residential Apartments. Generating $6,000/Month Gross Income With Potential Market Rent Of $8,500/Month. Recent $200,000 In 2024 Upgrades, Including New Heating And Cooling Systems, Ductwork, Plumbing, Electrical, And Siding, Soffit, Fascia, And Eaves, Windows, Doors, Complete Reno Of Apartments & Much More! All Hydro Separately Metered And Paid By Tenants. Long-Term Leases In Place (3- And 5-Year Terms). Operating Expenses Include Property Taxes: $7,156 (2024), Gas: $250/Month, Water: $100/Month, And Insurance: $300/Month. This Is The Best Deal In The Area For A Fully Renovated, Income-Generating Property With Long-Term Tenants And Significant Upside Potential. (39605624)

Location Description

Hwy 48 / High Street

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Square Footage
2810 sqft
Community Name
Sutton & Jackson's Point
Land Size
Unit=51.56 x 115.06 FT
Annual Property Taxes
$7,156
Time on REALTOR.ca
12 days

Building

Bathrooms
Total
4
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other (Natural gas)
Utilities
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Highway, Public Transit

Measurements

Square Footage
2810 sqft

Land

Lot Features
Frontage
51 ft ,6 in
Land Depth
115 ft
Other Property Information
Zoning Description
C1-1
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
STEVEN SARASIN