48
$3,200,000 Sale
Listed 12 days ago
139 MAIN Street S
· 8
· 15.0
· 16
· 11950
Key Facts
Key facts for 139 MAIN Street S
Property Type
Apartment
Parking
Garage: No, 16 parking
MLS #
40867590
Size
11950 sqft
Basement
Finished, Full (Finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1882
Maintenance Fee
-
Description
A Rare Piece of Georgetown History. A Remarkable Investment Opportunity. Welcome to Berwick Hall a distinctive 16 unit multi residential property in the heart of historic Downtown Georgetown. Originally built in 1882 the property is associated with renowned architect E. J. Lennox the architect behin...d Casa Loma and Toronto’s Old City Hall. Today Berwick Hall offers a mix of bachelor one bedroom and two bedroom suites plus coin operated laundry for additional income. Set on an impressive large corner lot backing onto a ravine the property offers approximately 16 parking spaces strong street presence and immediate access to downtown shops restaurants cafés and amenities. For investors the property offers an attractive cap rate with strong current income and additional upside through rent optimization suite improvements operational efficiencies and future repositioning. The scale of the lot and downtown location may also offer longer term redevelopment or alternative use potential subject to required approvals. For the first time in more than 30 years Berwick Hall is ready for a new owner. History income land and long term opportunity in one remarkable property. (id:10452)
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Listing courtesy of: CASORA REALTY INC.
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