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Home ON Greater Toronto Area Halton Hills
72-74 MILL Street
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72-74 MILL Street $2,400,000
7 days ago
$2,400,000
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72-74 MILL Street
Georgetown, Ontario L7G2C9

MLS® Number: 40770162

Listing Description

72-74 Mill Street, Georgetown is a multi-residential and commercial investment building that presents a rare opportunity to acquire a prominent piece of downtown Georgetown's future. Formerly known as the Roxy 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. The basement provides two shared washrooms for office tenants, and four commercial units are equipped with in-suite washrooms. 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 (BIA). The property is further strengthened by its excellent downtown location, offering strong walkability, high visibility, and proximity to ongoing redevelopment projects. Mill Street is already home to successful condominium communities, with additional projects in planning stages. A notable example is the McGibbon on Main development, which is revitalizing Georgetowns historic McGibbon Hotel with a new luxury residential complex currently under construction.With a combination of stable rental income, solid operating returns, and significant redevelopment potential, 72-74 Mill Street offers investors an outstanding opportunity to secure both immediate income and long-term growth in one of Georgetowns most visible and evolving downtown locations. (69950104)

Location Description

Downtown Georgetown Hwy 7 [Guelph St] Mill St and Main St S

Property Summary

Property Type
Other
Storeys
3
Subdivision Name
1046 - GE Georgetown
Title
Freehold
Land Size
under 1/2 acre
Built in
1949
Annual Property Taxes
$16,000
Total Parking Spaces
8
Time on REALTOR.ca
7 days

Building

Interior Features
Basement Type
Full
Building Features
Features
Southern exposure, Visual exposure
Foundation Type
Block
Fire Protection
Security system
Rental Equipment
Water Heater
Utilities
Utility Type
Natural Gas (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick Veneer
Business
Sign Type
Signband
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit, Schools
Parking
Total Parking Spaces
8

Measurements

Square Footage
11542 sqft
Exterior Building Size
11542 sqft

Land

Lot Features
Frontage
60 ft
Land Depth
100 ft
Other Property Information
Access
Road access
Zoning Description
DC1
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Denise Dilbey