C$3,200,000

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 behind 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:41202)