Home with brick exterior material, street for 27887 Highway 48 Hwy, York Ontario L0E 1R0
2 days on Market

27887 Highway 48 Hwy, York, Ontario L0E 1R0

Detached
3
2
~2192 sqft
$1,288,000
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Detached
3
2
~2192 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$587/sqft

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Description

Prime Residential/Commercial Development Opportunity - C2 Zoning on 5 Acres. This 5-acre parcel offers exceptional potential with C2 commercial zoning, allowing for a wide range of non-residential uses. Whether you're planning a professional or business office, medical clinic, veterinary hospital, garden center, restaurant, service shop, or retail store, this site is ready to support your vision. Property also Incl 2,192 SQFT Bungalow. The property boasts extensive on-site parking, ideal for businesses requiring customer or service vehicle access. With existing structures that could be repurposed as office space or support facilities, development can begin quickly with minimal startup costs. Zoning permits numerous commercial uses including but not limited to:-Business or professional office-Catering or food service-Health care, clinic, or veterinary/animal hospital-Equipment sales or rental-Funeral home-Garden center or nursery-Mechanical or automotive garage-Motor vehicle sales or service-Restaurant or café-Retail or service shop-Truck terminal and related operations. Strategically located on a high-traffic section of Hwy 48, the site offers year-round visibility and a significant seasonal traffic boost during cottage months. With the upcoming 404 extension set to enhance accessibility and drive even more growth in the area, this is a smart long-term investment in a rapidly expanding corridor.


Property Details

StyleBungalow
View-
Age of property-
SqFt~2192 SqFt
Lot Size218,041 SqFt(671 x 324.95)
Parking Spaces11
MLS ®Number40814623
Community NameNeighborhood of Georgina
Data SourceITSO
Listing byRE/MAX REALTY ENTERPRISES INC

Features

Heating: Electric, Gas Hot Water
Basement: Separate Entrance, Full, Unfinished

Main Floor

Bedroom

3.05 x 3.23

Kitchen

4.01 x 3.15

Tile Floors

Bedroom Primary

3.96 x 4.01

Living Room

3.78 x 6.40


Features

Lot size: 218,041 SqFt
Septic Tank

Parking

Garage spaces 1

Garage type -

Other parking spaces 10

Total parking spaces 11


Property History

Mar 23, 2026
ListedActive
$1,288,000
2 days on market
history photo preview25
Listing by itso®
Property listed by RE/MAX REALTY ENTERPRISES INC, Brokerage
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Market Data - Neighborhood of Georgina

Geo Zone Map ThumbnailNeighborhood of Georgina

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

29 days

Compared to

2025

32 days

2024

32 days

2023

26 days

New Listings

Past 30 days

100 listings

Compared to

2025

118 listings

2024

136 listings

2023

69 listings

Units sold

Past 30 days

23 units

Compared to

2025

47 units

2024

64 units

2023

45 units

Median Sold Price

Past 30 days

$820,000

Compared to

2025

$790,000

2024

$914,000

2023

$935,000


Population and Demographics

Overview

Total population 47693
Average household income $127,528

Age (%)

0 to 19
21%
20 to 34
18%
35 to 49
19%
50 to 64
24%
65 and plus
17%

Household composition (%)

Single family
71%
Single person
24%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
90%
Others
6%
Russian
1%
Yue (Cantonese)
1%

House tenancy (%)

Owners
81%
Renters
19%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget