$ 2,100,000
3071 Mosley ST Wasaga Beach, ON L9Z 1W7
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$ 2,100,000
Est. payment /mo
Active
3071 Mosley ST Wasaga Beach, ON L9Z 1W7
9 Beds
12 Baths
UPDATED:
10/28/2024 02:59 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID S9392725
Style 2-Storey
Bedrooms 9
Annual Tax Amount $13,132
Tax Year 2024
Property 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.
Location
Province ON
County Simcoe
Area Wasaga Beach
Rooms
Family Room No
Basement None
Kitchen 12
Separate Den/Office 3
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Electric
Exterior
Garage Available
Garage Spaces 12.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Total Parking Spaces 12
Building
Unit Features Beach,Lake/Pond,School Bus Route,Public Transit
Foundation Poured Concrete
Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY
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