118 High Street, Georgina

Bathrooms: 4
Living area: 2810 square feet
Type: Commercial
Added: 5 days ago
Updated: 5 days ago
Last Checked: 8 hours ago

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. (id:1945)

Property DetailsKey information about 118 High Street

Cooling: Fully air conditioned
Heating: Natural gas, Other
Structure Type: Residential Commercial Mix
Type: Mixed-Use
Building Size: 5-Unit
Commercial Units: 3
Residential Apartments: 2
Current Gross Income: $6,000/Month
Potential Market Rent: $8,500/Month
Tenancy Status: Fully Tenanted
Long Term Leases: Terms: 3-Year, 5-Year

Interior FeaturesDiscover the interior design and amenities

Living Area: 2810
Renovations: Year: 2024, Details: New Heating Systems, New Cooling Systems, New Ductwork, New Plumbing, New Electrical, Complete Renovation of Apartments

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 118 High Street

Water Source: Municipal water
Lot Size Dimensions: Unit=51.56 x 115.06 FT
Upgrades: New Siding, New Soffit, New Fascia, New Eaves, New Windows, New Doors

Location & CommunityUnderstand the neighborhood and community

Directions: Hwy 48 / High Street
Facing: Commercial Units: Street-Facing, Residential Units: River-Facing

Business & Leasing InformationCheck business and leasing options available at 118 High Street

Operating Expenses: Property Taxes: $7,156 (2024), Gas: $250/Month, Water: $100/Month, Insurance: $300/Month

Utilities & SystemsReview utilities and system installations

Hydro: Separately Metered
Hydro Payment: Paid By Tenants

Tax & Legal InformationGet tax and legal details applicable to 118 High Street

Tax Annual Amount: 7156
Zoning Description: C1-1

Additional FeaturesExplore extra features and benefits

Investment Potential: Significant Upside Potential
Remarks: Best deal in the area for a fully renovated, income-generating property with long-term tenants

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