Skip to main content
23721 Highway 48

23721 Highway 48

Georgina, ON

  • 38 sqft
  • Commercial Retail
  • 421 days on market
$5,888,000

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 be used for future expansion. In the sale of the property it is also included the 7090 sq ft Baldwin 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.

Listing Details

Taxes (2025)
$37,817
Listed
July 8, 2025

Price History

Listing history

Sign in to view

Property

Lot Size
706.93 x 611.7 Feet

Parking

Garage
Outside/Surface

Utilities

Sewer
Septic

Location & Legal

Cross Street
HIGHWAY 48 and MILES ROAD
Zoning
C2-2RU
Possession
Flexible
Occupancy
Owner+Tenant

Included

Exclusions
ALL CHATTELS BELONGING TO THE TENANTS

Community

Postal area L0E

Population
21,898
Private dwellings
10,072
Median age
46.8
Average household size
2.5
Median household income
$90,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Georgina · last 12 months

Median sold price
$780,000
Homes sold
622
Median days on market
23
Sale-to-list price
96.8%

Based on 622 recorded sales of commercial properties in Georgina over the last 12 months.

Listed by

HOMELIFE/BAYVIEW REALTY INC.

Walk Score

Walk Score is unavailable for this address right now.

Commercial figures

Building area
38 sq ft
Price per sq ft
$154,947.37
Annual property tax
$37,817
Tax per sq ft
$995.19

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

Reita | Assistant

Online

Reita said:

Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?

Interested in this property?

By submitting this form you consent to REintel, operated by Direct Realty Ltd. (6992 Hwy 62, Belleville, ON K8N 0L7) contacting you to respond to your inquiry and send you relevant property listings, market updates, and real-estate information. You can withdraw your consent at any time using the unsubscribe link in every email, or by contacting us at the mailing address above.

Cookie Preferences