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72-74 MILL Street, Georgetown, Ontario, L7G 2C9

MLS® # 40770162
Commercial For Sale In Georgetown, Ontario
$2,400,000

None Beds

72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
72-74 Mill Street, Georgetown, ON
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MULTIMEDIA

72-74 MILL Street, Georgetown, Ontario, L7G 2C9
$2,400,000

Property Information:

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. (id:7525)

Building Features:

  • Basement Type: Full
  • Exterior Finish:
  • Fire Protection: Security system
  • Floor Space: 11542 sqft
  • Foundation Type: Block

Property Features:

  • OwnershipType: Freehold
  • Property Type: Other
  • Access Type: Road access
  • Amenities Nearby: Public Transit, Schools
  • Built in: 1949
  • Community Features: High Traffic Area
  • Features: Southern exposure, Visual exposure
  • Floor Space (approx): 11542 Square Feet
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 60.0 Feet
  • Sign Type: Signband
  • Utility Type: Natural Gas - Available
  • Zoning: DC1
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 8

REALTOR.ca  

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Market Price Trends

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Location of 72-74 MILL Street, Georgetown, Ontario, L7G 2C9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

32 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

32 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 72-74 MILL Street , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 34.6 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.6℃

# Hot Days Per Year

Past
7
2050
32

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

59/100

Moderate

ClimateCheck®

Current data

This property, 72-74 MILL Street , experiences 11 significant 2-day storms per year, with about 310.9mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 383.4mm of precipitation per year.

Precipitation Per Storm

Past
310.9mm
2050
383.4mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 72-74 MILL Street, Georgetown, Ontario, L7G 2C9

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$120,624.36

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.03 %

High school certificate or equivalent

35.29 %

Apprenticeship trade certificate/diploma

5.85 %

College/non-university certificate

22.51 %

University certificate (below bachelor)

0.53 %

University Degree

17.78 %

Commuter

Travel To Work

By Car

87.4 %

By Public Transit

2.63 %

By Walking

5.3 %

By Bicycle

0.0 %

By Other Methods

4.67 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.71 %

Houses

43.29 %

Own Vs. Rent

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