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$2,400,000
Est. payment /mo
10 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Georgetown
MLS Listing ID W12404497
Annual Tax Amount $16,000
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
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 bathroo, 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 (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 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.
Location
Province ON
County Halton
Community Georgetown
Area Halton
Zoning Downtown Core One DC1
Interior
Cooling Partial
Inclusions Existing chattels and fixtures belonging to the Seller
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 60.01
Lot Depth 100.13
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
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Listed by ROYAL LEPAGE MEADOWTOWNE REALTY
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