Homes for sale - 3071 MOSLEY Street, Wasaga Beach, ON L9Z1W7

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Roshan Basnet

realtorbasnet@gmail.com +1(647) 818-7373

$ 2,100,000

Est. payment | -/mo

15 Beds

12 Baths

10,000 SqFt

Save

$ 2,100,000

Est. payment | -/mo

Save

15 Beds

12 Baths

10,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $210

Subdivision Wb01 - Wasaga Beach

MLS® Listing ID 40661857

Bedrooms 15

Originating Board Barrie & District Association of REALTORS® Inc.

Year Built 1960

Lot Size 0.437 Acres

Acres 19035.72

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. (id:24570)

Location

Province ON

Interior

Heating Baseboard heaters,

Cooling None

Exterior

Parking Features No

Community Features School Bus

View Y/N No

Total Parking Spaces 12

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by Re/Max Hallmark Peggy Hill Group Realty Brokerage

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 818-7373

realtorbasnet@gmail.com

4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada

3071 MOSLEY Street Wasaga Beach, ON L9Z1W7