Salehian.com 647-325-5000

28408 Highway 48 Road

Virginia, Georgina, L0E 1E0

$1,899,000

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  • 7 bedrooms
  • 9 bathrooms
  • 0 parking
  • 3500-5000 sq ft

Listed 15 days ago · MLS® N13864718

About this home

Rare investment and redevelopment opportunity on Highway 48 in Georgina. Situated on approximately 4.5 acres with approximately 463 feet of prominent highway exposure, this established mixed use property combines immediate income with substantial long term potential. The main level features established commercial uses, including Circle K convenience store and Coffee Time, while the second floor contains five residential apartments. The building also includes a full basement and is identified as containing 16 rooms, 7 bedrooms, 9 washrooms and 6 kitchens.The large irregular parcel provides excellent visibility, ample on site space and flexibility for an investor, developer or owner user. The property is RU and C2 zoning, together with well and septic services. Subject to confirmation of zoning, servicing, environmental requirements and municipal approvals, the commercially zoned portion may support additional retail or restaurant space, professional or medical offices, a hotel or motel, automotive or fuel related uses, equipment or vehicle sales, commercial parking, storage and other highway commercial opportunities. Located in the Pefferlaw and Virginia area of eastern Georgina, the property benefits from direct Highway 48 access and proximity to growing residential communities, local businesses and the year round attractions of the Lake Simcoe region. This is a distinctive opportunity to acquire an established income producing property with recognizable commercial occupants, multiple residential units, substantial highway frontage and approximately 4.5 acres of land.Financial information is available to qualified buyers upon execution of a confidentiality agreement. Buyers and their representatives are responsible for conducting their own due diligence regarding zoning, permitted uses, servicing, environmental condition, apartment legality, development potential and all applicable approvals.

Details

Type
Store W Apt/Office
Style
2-Storey
Age
31-50 years
Size
3500-5000 sq ft
Lot
463 × 394 ft
Basement
Full
Garage
None
Kitchens
6
Property tax
$21,300 (2025)
Neighbourhood
Virginia
Municipality
Georgina

Interior

Bedrooms
7 above ground
Bathrooms
5 × 4-piece, 4 × 2-piece
Rooms
16 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Septic

Building and exterior

Style
2-Storey
Exterior
Aluminum Siding
Roof
Flat
Foundation
Concrete
Age
31-50 years
Faces
North

Parking

Driveway and parking
Circular Drive

Lot

Size
463 × 394 ft
Acreage
2-4.99

More

Possession
Flexible
Cross street
Hwy 48 & Cronsberry

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Car-dependent

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 2 cafés and restaurants, 0 parks.

Who lives here postal area L0E

Owners / renters
83% / 17%
Median household income
$90,000
Average age
44
Children under 15
15%
Homes
89% detached
Commute by transit
2%
Population
21,898

Languages spoken most at home besides English: Russian 0.8%, Yue (Cantonese) 0.5%, Mandarin 0.4%, Spanish 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for York Region police: 50 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 75 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by EXP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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