23721 HIGHWAY 48, Georgina (Baldwin)

$5,888,000

For sale: Other

Other at 23721 HIGHWAY 48, Georgina (Baldwin)
Property type
Commercial Retail
MLS®
MLS® N12880728
Neighbourhood
Baldwin

A Great Commercial Opportunity on Highway 48, with an excellent exposure and an enormous amount of opportunities for present and future use. Baldwin Plaza consist of 10.65 Acres with 38.234 sq. ft of rented space with an amazing return, with 9 tenants ( the last unit of 3200 sq ft was just rented for a 10 year term ) varying from National Coffee Shop to Restaurants, Convenient Store, Gym, Motel and a significant amount of parking and extra space that could possibly be used in the future. In the sale of the property it is also included the 7090 sq ft Motel Business, with 19 rooms most of them renovated. None of the other businesses or any chattels belonging to the tenants are included in the purchase price.

Sold data

Homes in Baldwin — recent sold market

Homes in Baldwin took a median of 28 days to sell over the last 730 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 53, across 46 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 41 days.

The median sale price was $893,500.

Homes sold for about 4.0% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 13% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$893,500
Sale-to-list ratio
96.0%
Sold above asking
7%

Based on 46 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 23721 HIGHWAY 48