$2,100,000
 $11,273 est/mo Sourced by Back At You

3071 Mosley Street , Wasaga Beach, ON L9Z1W7

Wasaga Beach, ON L9Z1W7

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Description

EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL! Welcome to 3071 Mosley Street. This property is located steps from the water and the new casino, making it an attractive investment. The property is situated on a corner lot with neighbouring vacant land earmarked for teardown and sale. Rezoned for medium density, it provides an opportunity for redevelopment in response to the area's high demand for residential spaces. With a solid cap rate of 6.75%, the property promises a lucrative investment. It comprises 9 single- and 3 double-bedroom units, all with kitchens (12), designed to generate steady rental income. There are no common areas, and tenants are responsible for their own utilities, which keeps operational costs low and maximizes profitability. A detailed profit/loss statement is available for potential buyers, providing insight into the property's financial performance. The property has undergone a seamless transformation from a motel to meet modern residential demands, with an old Phase 1 environmental report (2019) assuring its environmental integrity. The property features an impressive 147.30' frontage on a sizable 0.437-acre lot, offering plenty of space for expansion or additional amenities. Ample parking is available for residents and guests, enhancing its appeal and functionality. Whether you're an experienced investor looking to expand your portfolio or an entrepreneur seeking lucrative opportunities, this property provides an ideal platform for realizing your vision. (id:374)

Details

MLS#40661857
Listing TypeFor Sale
StatusActive
Year1960
Days On Site23
Listing Provided ByRe/Max Hallmark Peggy Hill Group Realty Brokerage | Peggy Hill

Features

Bed(s)15
Bath(s) 12 Total
SQ Feet10,000
Story(s)2
Units12
ZoningR4
Acreage0.44
The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 CREA. All Rights Reserved.

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Listings Checked: 57 seconds ago
ProvinceON
CityWasaga Beach
Postal CodeL9Z1W7
Community NameWB01 Wasaga Beach
Listing VS Median (in WB01 Wasaga Beach)
Price:
$2,100,000
low | high
Med:
$600,000
100% of Average
SqFt:
10,000
low | high
Med:
2,056
100% of Average
$ / SqFt:
$210
low | high
Med:
$292
11.033907726515% of Average
On Site:
23
low | high
Med:
67.000000
34.328358208955% of Average
Sourced by Back At You
Listing Updated: October 29, 2024 at 12:28:58 AM PDT