28408 Highway 48 Road, Georgina, ON L0E 1E0
Virginia, Georgina · Near Hwy 48 & Cronsberry · View map
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.
The home
- Type
- Store w apt / office
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 7
- Bathrooms
- 9
- Kitchens
- 6
- Rooms
- 16
- Basement
- Full
- Lot size
- 463 x 394 ft
- Faces
- North
- Approximate age
- 31-50 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Total parking
- None
- Parking features
- Circular Drive
Taxes & other
- Property taxes
- $21,300/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Hwy 48 & Cronsberry
- Neighbourhood
- Virginia
More
- Price per sq ft
- ~$447 (at 4,250 sq ft)
- MLS® number
- N13864718
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
28408 Highway 48 Road, Georgina, ON L0E 1E0
Virginia, Georgina · Near Hwy 48 & Cronsberry
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Listing history for 28408 Highway 48 Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 28408 Highway 48 Road
Answers come straight from this home’s MLS® listing.
How much is 28408 Highway 48 Road listed for, and what would it cost each month?
28408 Highway 48 Road is listed for $1,899,000. With 20% down ($379,800), the mortgage payment would be roughly $7,660 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $9,435 a month, all in. That figure is an illustration, not a quote.
Is 28408 Highway 48 Road freehold or a condo, and is there a monthly fee?
28408 Highway 48 Road is a store w apt / office in Virginia, Georgina. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 28408 Highway 48 Road have?
28408 Highway 48 Road has 7 bedrooms and 9 bathrooms. The listing gives the style as 2-storey.
Does 28408 Highway 48 Road have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
Does 28408 Highway 48 Road have a finished basement?
The listing describes the basement as full.
What style of home is 28408 Highway 48 Road?
28408 Highway 48 Road is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 28408 Highway 48 Road, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 463 x 394 ft.
How is 28408 Highway 48 Road heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 28408 Highway 48 Road?
Property taxes are $21,300 a year (2025), or about $1,775 a month.
Where is 28408 Highway 48 Road?
28408 Highway 48 Road is in the Virginia community of Georgina. The nearest main intersection is Hwy 48 & Cronsberry. The postal code is L0E 1E0.
Is 28408 Highway 48 Road still for sale?
Yes. It is an active listing (MLS® N13864718). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 28408 Highway 48 Road asking?
Similar properties for sale nearby right now include 203 Pefferlaw Road at $1,749,900 (3 bed), 1035 Metro Road N at $1,699,000 (3 bed) and 23772 Highway 48 at $1,599,999 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 28408 Highway 48 Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 28408 Highway 48 Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Virginia, picked by style, size and price.
Commercial retail$1,749,900203 Pefferlaw Road, Georgina3 bed · 1 bath · PefferlawCourtesy of: RE/MAX REALTRON REALTY INC.View home →
Store w apt / office$1,699,0001035 Metro Road N, Georgina3 bed · 3 bath · Historic Lakeshore CommunitiesCourtesy of: CENTURY 21 LEADING EDGE REALTY INC.View home →
Commercial retail$1,599,99923772 Highway 48, Georgina3 bed · 1 bath · BaldwinCourtesy of: CENTURY 21 REGAL REALTY INC.View home →Courtesy of: EXP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.