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• 15 Lake Dr N, Georgina, ON L4P 1A1

$4,200,000 ^{FOR SALE}

Investment

Lot: 175.07 x 268.17 ftTotal Area: 0.98 acres
2023 Taxes: $23,000

15 Lake Dr N
Georgina, ON L4P 1A1 | Historic Lakeshore Communities | York

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The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, New Drive Way & Parkings. Panoramic View of Lake Simcoe, Over 90% Occupancy, Stable Longer Term Guests, Minimum Turnover and Management. Proposed Keswick Secondary Plan Allows Commercial Uses Up To 8 Storey High. Value-Add Opportunities by Renovating the Remaining Units or Building New Units. Owner Willing To Stay On and Help With Transition.

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Listed By	ROYAL LEPAGE GOLDEN RIDGE REALTY
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	N8310100
Last Updated	Sep 17, 2024

Property Summary

Property Type	Investment More like this: Georgina Investment for Sale
Use	Hotel/Motel/Inn
Category	Accommodation
Legal Description	Lots 29 & 30 Plan 94 & Pt.Lt 2 Plan 315
Occupancy	Tenant
Possession Date	TBA
Taxes (2023)	$23,000
Tax Type	Annual
Directions/Cross Streets	Church St & Lake Dr North
Neighbourhood	Historic Lakeshore Communities
Area	York

Price History

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Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information

Freestanding	Y
Bathrooms	18
Lot	175.07 x 268.17 ft
Lot Irregularities	Irregular
Total Area	0.98 acres
Elevator	None
Air Conditioning	Y
Basement	N
Chattels	Y
Garage Type	None
Heat Type	Baseboard
Financial Statement	Y
Sprinklers	N
Utilities	Y
Water	Municipal
Lot/Bldg/Unit Code	Building
Zoning	Tourist Commercial
Seller Property Info Statement	N

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