For Sale: 28408 48 Highway Road, Georgina, ON - REW
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$1,899,000
7 bd • 9 ba • sf • House
28408 48 Highway Road
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$1,899,000
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28408 Highway 48 RoadGeorgina, ON, L0E 1E0

Virginia
  • 7 Bed
  • 9 Bath
  • Sqft
  • House

About this home

Rare investment and redevelopment opportunity on Highway 48 in Georgina. Situated on approximately 4.5 acres with approximately 463 feet of prominent highway exposure, this established mixed use property combines immediate income with substantial long term potential. The main level features established commercial uses, including Circle K convenience store and Coffee Time, while the second floor contains five residential apartments. The building also includes a full basement and is identified as containing 16 rooms, 7 bedrooms, 9 washrooms and 6 kitchens.The large irregular parcel provides excellent visibility, ample on site space and flexibility for an investor, developer or owner user. The property is RU and C2 zoning, together with well and septic services. Subject to confirmation of zoning, servicing, environmental requirements and municipal approvals, the commercially zoned portion may support additional retail or restaurant space, professional or medical offices, a hotel or motel, automotive or fuel related uses, equipment or vehicle sales, commercial parking, storage and other highway commercial opportunities. Located in the Pefferlaw and Virginia area of eastern Georgina, the property benefits from direct Highway 48 access and proximity to growing residential communities, local businesses and the year round attractions of the Lake Simcoe region. This is a distinctive opportunity to acquire an established income producing property with recognizable commercial occupants, multiple residential units, substantial highway frontage and approximately 4.5 acres of land.Financial information is available to qualified buyers upon execution of a confidentiality agreement. Buyers and their representatives are responsible for conducting their own due diligence regarding zoning, permitted uses, servicing, environmental condition, apartment legality, development potential and all applicable approvals. (id:63626)
Listed by: Theo Koutros, Salesperson, EXP REALTY

Home facts and features

Price details
List Price
$1,899,000
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Gross Taxes for 2026
$21,300
Home facts
Bedrooms
7
Full Bathrooms
5
Partial Bathrooms
4
Parking Details
No Garage
Property Type
House
Depth
394 feet
Frontage
463.0 feet
Exterior Finish
Aluminum siding
Heating Type
Forced air, Natural gas
Basement Details
Full
Community
Agent details
Primary Agent
Theo Koutros
Primary Broker
EXP REALTY
Listing details
Days on REW
1 Day
MLS® Number
N13864718
Source
Canadian Real Estate Association
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Amortization
25 Years
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3.99%

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The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Morning Glory Public School
  • Public
  • JK - 8
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Call Agent
Salesperson
Theo Koutros
Phone:
416-737-7327
Office:
866-530-7737
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