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For saleMLS® N12880728

23721 Highway 48, Georgina, ON L0E 1A0

Baldwin · L0E 1A0

$5,888,000

$13 / sq ft

7 months on market

Total area
463,914 sf
Lot
706.93 × 611.7 ft

What's special

  • Outside/surface garage
  • Yes

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About this property

A Great Commercial Opportunity on Highway 48, with an excellent exposure and an enormous amount of opportunities for present and future use. Baldwin Plaza consist of 10.65 Acres with 38.234 sq. ft of rented space with an amazing return, with 9 tenants ( the last unit of 3200 sq ft was just rented for a 10 year term ) varying from National Coffee Shop to Restaurants, Convenient Store, Gym, Motel and a significant amount of parking and extra space that could possibly be used in the future. In the sale of the property it is also included the 7090 sq ft Motel Business, with 19 rooms most of them renovated. None of the other businesses or any chattels belonging to the tenants are included in the purchase price.

Property details

Property

Property type
retail
Interior size
463,914 sq ft
Lot size
706.93 × 611.7 ft
Zoning
C2-2RU
Possession
30/60 or TBA

Interior

Heating
Propane Gas
Cooling
Yes

Exterior & services

Garage
Outside/Surface

Costs

List price
$5,888,000
Property taxes
$37,817 / year (2025)
Price per sq ft
$13

Listing

MLS® number
N12880728
Status
For sale
Listed
March 13, 2026
Days on market
237
Last updated
August 25, 2026
Listing brokerage
HOMELIFE/BAYVIEW REALTY INC.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 90% of comparable retail listings in Georgina are asking less.

$799KMedian $1.72M$4.83M
This home
$13 / sq ft
Comparable median
$365 / sq ft

Based on 20 comparable active retail listings in Georgina. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $1,177,600
$1,177,600
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$26,044.61
Property tax (est.)
$3,151.44
Estimated monthly
$29,196

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$133,675
Total due on closing
$133,675

An estimate on the asking price of $5,888,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOMELIFE/BAYVIEW REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$5,888,000

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