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$2,400,000
Available - For Sale
Listing ID: W12404497
72-74 Mill Street is a multi-residential and commercial investment building that presents an opportunity to acquire a prominent location in downtown Georgetown. Formerly known as the Gregory 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. Each residential unit is equipped with a 4 piece bathroom, and four commercial units are equipped with in-suite washrooms and the basement provides two shared washrooms for the public and office tenants. 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. The property is further strengthened by its excellent downtown location, offering strong walkability, high visibility, and proximity to ongoing redevelopment projects. Mill Street is home to successful condominium communities, with additional projects in planning stages. A notable example is the McGibbon on Main development, which is revitalizing historic McGibbon Hotel with a new luxury residential complex currently under construction. With a combination of stable rental income, solid operating returns, and redevelopment potential, 72-74 Mill Street offers investors an outstanding opportunity to secure both income and long-term growth in Halton Hills most visible and evolving downtown locations. Also for sale is 70 Mill Street, a 12-unit apartment building that is immediately adjacent to 72-74 Mill St.
Price $2,400,000
Taxes: $16,000
Tax Type: Annual
Occupancy by: Tenant
Address: 72 Mill Street , Halton Hills, L7G 2C9, Halton
Postal Code: L7G 2C9
Province/State: Halton
Legal Description: PT LT 18, CON 9 ESQ, AS IN PART 1 OF 635
Directions/Cross Streets: East of Main Street South and Mill Street
No. of Pieces Level
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Category: Multi-Use
Building Percentage: T
Total Area: 6,017.02
Total Area Code:  Square Feet
Office/Appartment Area: 11542
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Approximatly Age: 51-99
Maintenance: 0
Sprinklers: No
Outside Storage: F
Rail: N
Heat Type: Gas Forced Air Close
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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ROYAL LEPAGE MEADOWTOWNE REALTY

72 Mill Street , Halton Hills, L7G 2C9, Halton

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Paulette Zander
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416-456-7481
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416-203-6636
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416-203-1908

 
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Type: Com - Commercial Retail
Area: Halton
Municipality: Halton Hills
Neighbourhood: Georgetown
Style:
Lot Size: x 100.13(Feet)
Approximate Age: 51-99
Tax: $16,000
Maintenance Fee: $0
Beds: 0
Baths: 10
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908