Multi-tenant Retail Plaza
8 commercial units on 211 feet of Highway 7 frontage with $304K+ stabilized NOI.
AI-generated summary
$5,950,000
Listing Details
Subtype: Storefront Retail/Office
Year built: 2014
Total building size (sq. ft.): 33292.74
Zoning: GCN3 (44)
Parking spaces: 40
Sale type: For investors
Tenancy: Multiple
Total Area: 33,292.74 sq ft
Financial Details
Net operating income: $304,131
Percent leased: 85%
Cap rate: 5.11%
Description
Well-maintained multi-tenant retail investment opportunity in the heart of Georgetown, Halton Hills. The property consists of 9,413 SF across two buildings on a 0.764-acre site with approximately 211 feet of frontage along the high-exposure Guelph Street (Highway 7) corridor. The plaza features 8 commercial units, approximately 40 parking spaces, and a diverse mix of established service-oriented tenants. The property generates a stabilized NOI of approximately $304,131 and is offered at $5,950,000 (approximately 5.11% cap rate). Zoned GCN3(44), the site permits a broad range of retail, office, medical, restaurant, daycare, and service commercial uses. The Official Plan's Mixed Use designation and the ongoing Guelph Street Corridor Secondary Plan provide potential long-term redevelopment upside, subject to municipal approvals. Excellent visibility, direct public transit at the property, strong surrounding demographics, and immediate access to Highway 7 make this an attractive investment for private investors, family offices, and developers seeking stable income with future value-add potential.
Location & nearby
This listing is located in Halton Hills, ON L7G 4A6
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