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72-74 Mill Street 72 Mill St 13,989 SF 100% Leased Office Building Halton Hills, ON L7G 2C9 $1,754,642 USD ($125.43 USD/SF)

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EXECUTIVE SUMMARY

72-74 Mill Street is a multi-residential and commercial investment building that presents an opportunity to acquire a prominent location in downtown Georgetown. Formerly known as the Gregory 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. Each residential unit is equipped with a 4 piece bathroom, and four commercial units are equipped with in-suite washrooms and the basement provides two shared washrooms for the public and office tenants. 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. The property is further strengthened by its excellent downtown location, offering strong walkability, high visibility, and proximity to ongoing redevelopment projects. Mill Street is home to successful condominium communities, with additional projects in planning stages. A notable example is the McGibbon on Main development, which is revitalizing historic McGibbon Hotel with a new luxury residential complex currently under construction. With a combination of stable rental income, solid operating returns, and redevelopment potential, 72-74 Mill Street offers investors an outstanding opportunity to secure both income and long-term growth in Halton Hills most visible and evolving downtown locations. Also for sale is 70 Mill Street, a 12-unit apartment building that is immediately adjacent to 72-74 Mill St.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
13,989 SF
Building Class
C
Year Built
1949
Price
$1,754,642 USD
Price Per SF
$125.43 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,663 SF
Slab To Slab
10’
Building FAR
2.29
Lot Size
0.14 AC
Zoning
CD - DC1 https://www.haltonhills.ca/en/business/resources/Documents/Zoning%20By-law%20and%20Schedules/Comprehensive%20Zoning%20By-law%20%202010-0050.pdf
Parking
15 Spaces (1.07 Spaces per 1,000 SF Leased)

AMENITIES

  • Air Conditioning
Walk Score®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 35459823

  • Date on Market: 4/11/2025

  • Last Updated:

  • Address: 72 Mill St, Halton Hills, ON L7G 2C9

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