257 george Street
Wellington North, ON
8,530 sqft • Commercial Retail • 327 days on market
Amazing Investment Opportunity! This mixed-use property features seven (7) refreshed residential units and a main floor commercial space that is already leased out to a Restaurant (restaurant business not included in sale), ensuring immediate rental income. A bottle and can return business contracted with the Beer Store adds another steady revenue stream. Recent upgrades include a new roof (2023), newer windows (2020/2023), front aluminum fascia (2023), new electrical on the upper floor (2023), and updated fire alarms (2023). The upper floor has been enhanced with new tiles and luxury waterproof vinyl flooring, while kitchens have been modernized with updated cabinets, quartz countertops, and quartz backsplash. Bathrooms have also been updated, providing a fresh and stylish finish throughout. Additional features include Wi-Fi extenders, security cameras, and exterior lighting for safety and convenience. The property also offers ample parking at the rear for both tenants and customers, as well as an on-site coin laundry and dryer. With multiple income streams and significant recent capital improvements, this property is a true turn-key investment you wont want to miss!
Listing Details
- Taxes (2025)
- $15,923
- Listed
- September 30, 2025
Price History
Property
- Lot Size
- 159.88 x 130.5 Feet
Location & Legal
- Cross Street
- George St. and Charles St
- Zoning
- C1 Central Commercial
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Both Hot water Tanks and one water Softener are Owned, Coin Washer (1) and Dryer (1), Camera System for 2nd Level, wifi Extenders 2nd level only, 7 TV's 2nd Floor rooms, 7 Keyless and Coded Access for rooms, new shades in all rooms, 7 Fridges, 7 Stoves, 7 Microwaves, 8 mirrors.
- Exclusions
- All restaurant equipment, Tables, Chairs, Lighting, Tv's, Speakers, belong to Tipsy Fox, Chattels list to be provided
Community
Postal area N0G
- Population
- 86,935
- Private dwellings
- 35,896
- Median age
- 40.8
- Average household size
- 2.6
- Median household income
- $83,000
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 Wellington North · last 12 months
- Median sold price
- $563,725
- Homes sold
- 194
- Median days on market
- 44
- Sale-to-list price
- 96.1%
Based on 194 recorded sales of commercial properties in Wellington North over the last 12 months.
Listed by
RE/MAX EXCELLENCE REAL ESTATE
Location
Commercial figures
- Building area
- 8,530 sq ft
- Price per sq ft
- $293.07
- Annual property tax
- $15,923
- Tax per sq ft
- $1.87
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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