3071 Mosley Street Wasaga Beach, Ontario L9Z 1W7
$2,075,000
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:24801)
Property Details
| MLS® Number | S11908936 |
| Property Type | Multi-family |
| Community Name | Wasaga Beach |
| Amenities Near By | Beach, Public Transit |
| Community Features | School Bus |
| Features | Irregular Lot Size |
| Parking Space Total | 12 |
Building
| Bathroom Total | 12 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 12 |
| Appliances | Refrigerator, Two Stoves |
| Exterior Finish | Wood |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Beach, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 107 Ft ,8 In |
| Size Frontage | 147 Ft ,3 In |
| Size Irregular | 147.3 X 107.7 Ft ; 0.437 Acres |
| Size Total Text | 147.3 X 107.7 Ft ; 0.437 Acres|under 1/2 Acre |
| Surface Water | Lake/pond |
| Zoning Description | R4 |
Utilities
| Cable | Available |
https://www.realtor.ca/real-estate/27769885/3071-mosley-street-wasaga-beach-wasaga-beach
Contact Us
Contact us for more information
Peggy Hill
Broker
peggyhill.com/
374 Huronia Road #101, 106415 & 106419
Barrie, Ontario L4N 8Y9
(705) 739-4455
(866) 919-5276
www.peggyhill.com/
Todd Piirto
Salesperson
374 Huronia Road #101, 106415 & 106419
Barrie, Ontario L4N 8Y9
(705) 739-4455
(866) 919-5276
www.peggyhill.com/
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January 10 2025 10:00:45
Toronto Real Estate Board
RE/MAX Hallmark Peggy Hill Group Realty