20
See all 20 photos
$1,899,000
Est. payment /mo
7 Beds
9 Baths
New
28408 Highway 48 RD Georgina, ON L0E 1E0
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Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Virginia
MLS Listing ID N13864718
Style 2-Storey
Bedrooms 7
Annual Tax Amount $21,300
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
Rare investment and redevelopment opportunity on Highway 48 in Georgina. Situated on approximately 4.5 acres with approximately 463 feet of prominent highway exposure, this established mixed use property combines immediate income with substantial long term potential. The main level features established commercial uses, including Circle K convenience store and Coffee Time, while the second floor contains five residential apartments. The building also includes a full basement and is identified as containing 16 rooms, 7 bedrooms, 9 washrooms and 6 kitchens.The large irregular parcel provides excellent visibility, ample on site space and flexibility for an investor, developer or owner user. The property is RU and C2 zoning, together with well and septic services. Subject to confirmation of zoning, servicing, environmental requirements and municipal approvals, the commercially zoned portion may support additional retail or restaurant space, professional or medical offices, a hotel or motel, automotive or fuel related uses, equipment or vehicle sales, commercial parking, storage and other highway commercial opportunities. Located in the Pefferlaw and Virginia area of eastern Georgina, the property benefits from direct Highway 48 access and proximity to growing residential communities, local businesses and the year round attractions of the Lake Simcoe region. This is a distinctive opportunity to acquire an established income producing property with recognizable commercial occupants, multiple residential units, substantial highway frontage and approximately 4.5 acres of land.Financial information is available to qualified buyers upon execution of a confidentiality agreement. Buyers and their representatives are responsible for conducting their own due diligence regarding zoning, permitted uses, servicing, environmental condition, apartment legality, development potential and all applicable approvals.
Location
Province ON
County York
Area York
Rooms
Family Room No
Basement Full
Kitchen 6
Interior
Interior Features None
Heating Yes
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Parking Features Circular Drive
Pool None
Roof Type Flat
Lot Frontage 463.0
Lot Depth 394.0
Building
Building Age 31-50
Lot Description Irregular Lot
Foundation Concrete
Others
Security Features None
ParcelsYN No
Listed by EXP REALTY
Nearby Locations
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