Homula Realty Brokerage
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23772 Highway 48, Georgina, ON L0E 1A0

Commercial Retail
$1,599,999

Exceptional opportunity to own 7.343 acres of site-specific split zoning, including approximately 1.2 acres of valuable Rural Commercial zoning. Adjacent 21.267-Acre Parcel Also Available for Purchase, Offering a Rare Opportunity to Expand Your Land Holding or Development Potential. This unique property offers the perfect live/work setup with a tenanted residential home and an established bins and contracting business currently operating on-site. The scenic rear portion of the property features beautiful forested areas and picturesque streams, creating a private and natural setting. The well-maintained home offers 3 bedrooms, a spacious living room, dining area, kitchen with breakfast area, 1 bathroom, two separate entrances, and a large deck. Numerous upgrades have been completed throughout, with additional potential for customization or expansion. Features include newer high-efficiency baseboard heating, ductwork already installed for easy conversion to forced air, and a 200-amp electrical panel. Ideal for contractors, landscapers, tradespeople, or entrepreneurs seeking residential comfort with commercial functionality. The contractor space/trailer includes an office, washroom, and lunch area, along with a workshop and storage shed. Excellent exposure with a strip plaza directly across the road and numerous surrounding businesses nearby.

MLS number
N13231600
Type
Commercial Retail
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
L0E 1A0
Photos
40
Property tax
$4,658 / year
103days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries are not shown for this listingWe could only place this address to its postal code, which can cover a block or more, and school boundaries often run down the middle of a street. Naming a school boundary from a position that loose would be a guess about a school, so we don’t. Use the board’s own address lookup for this one.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 464 people.

$117,000Median household income
90.6%Own their home
96.9%Detached houses
51.2Median age
11%Born outside Canada
14.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35191148 — the few blocks around this address, home to 464 people. It describes the area, not this property.

464Population
44.7Average age
2.8Household size
$142,000Average household income
$117,000Median household income
91%Own their home
9%Rent
0%Condominiums
11%Born outside Canada
15%University degree
$1,040,000Average home value
5%Low income
52%Not in the labour force
26%Never married
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9992%
$70,000 to $79,9994%
$80,000 to $89,9992%
$90,000 to $99,9996%
$100,000 and over41%
$100,000 to $124,99910%
$125,000 to $149,9998%
$150,000 to $199,99912%
$200,000 and over8%

Percentages are of the 245 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$320,000 · minimum here is $320,000
$7,084.45per month
Borrowed before insurance$1,279,999
Total borrowed$1,279,999
Interest over 25 years at 4.5%$845,335

If you rented it out

-$7,472.61per month out of pocket
Rent$0.00
Everything it costs to hold$7,472.61
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 REGAL REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.