Active
3071 Mosley St
Wasaga Beach Ontario, L9Z 1W7
$2,498,000
Active
12 Beds
12 Baths
Multi-family
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 5.75%, 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.
S8208424
MLSⓇ ID
April 10, 2024
Updated
Map
3071 Mosley St
Wasaga Beach Ontario, L9Z 1W7
Interior Features
Bedrooms
12
Total Bathrooms
12
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Electric
Exterior/Building Features
Lot Size
0.36 Acres
Lot Features
Beach, Lake/Pond, Public Transit, School Bus Route
Sewer
Sewers
Other Property Details
Area Name
Wasaga Beach
Taxes
$13,132
Tax Frequency
Annually
Garage
No
Parking
None
Parking Total
12
View
No
County
Ontario
Municipality
Wasaga Beach
Water Source
Municipal
Pool
No
Pool Features
None
Zoning
R4
Courtesy of Listed by , RE/MAX HALLMARK PEGGY HILL GROUP REALTY,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
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Data last updated 1:07 PM UTC, 4/10/2024