94 George Street, Oakville, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of 1013 - OO Old Oakville. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $5,500,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 62.59 x 53.25 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Positioned in the heart of Downtown Oakville's Towne Square, this prominent 5,606 square-foot building at 94 George Street offers an outstanding opportunity for both investors and owner-occupiers. The highly visible two-level property boasts 62 feet of frontage onto Towne Square and is anchored by a 2,867 square-foot restaurant leased at market rates, providing stable income while preserving flexibility within the balance of the building for either new tenants or an end user. The remaining 2,739 square feet, which is currently owner-occupied, features a highly adaptable layout that can accommodate either multiple units or a single tenant, making it ideal for retail, service commercial, restaurant, or professional office uses with potential for rent upside. Zoned Central Business District (CBD), the property permits a broad range of uses and is surrounded by premier restaurants and retailers in one of Oakville's most sought-after commercial districts, characterized by strong household incomes and significant pedestrian traffic. This property is exceptionally well-positioned to capitalize on both Oakville's affluent residential community and its vibrant tourism economy.
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Pricing & Value Insights
Data-driven valuation for 94 George Street, Oakville, ON L6J 3B7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Oakville, ON
For a property listed at $5,500,000 in Oakville, the legal minimum down payment is $1,100,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $123,975 for this transaction. As this listing is in Oakville (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $123,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.