$3,999,999 FOR SALE

Investment

Lot: 119.04 x 266.81 ftTotal Area: 6,159 ft2
2023 Taxes: $4,505

1370 Killarney Beach Rd
Innisfil, ON L0L 1W0 | Lefroy | Simcoe

Enter an exceptional investment opportunity located in the heart of Innisfil, one of Ontario's fastest-growing communities. This property offers a rare chance to establish a foothold in a burgeoning real estate market. Recently built, it features 7 residential units and 1 commercial unit, currently generating substantial rental income, making it a robust investment. Additionally, with preliminary municipal approval for an additional 12 units, the potential expands to a total of 20 units, poised for lucrative rental returns or development. Strategically positioned amidst Innisfil's expanding landscape, this property serves as a gateway for investors looking to capitalize on the town's thriving economy and growing population. Its prime location, just minutes from Barrie and less than an hour from Toronto, appeals to commuters and families alike, driving demand for high-quality housing options. The opportunity to add 12 more units opens doors to diverse possibilities, whether expanding the existing rental portfolio or pursuing new development ventures. Furthermore, proximity to a wealth of amenities from picturesque parks and lakeshores to vibrant shopping hubs and top-rated schools enhances its desirability. Residents enjoy easy access to recreational activities such as boating, fishing, hiking, and golf, blending urban convenience with natural beauty. Backed by the municipality's proactive support for further development and infrastructure improvements including transportation upgrades and expanded commercial facilities investing in Innisfil promises not only immediate returns but also long-term appreciation and prosperity. Whether you're a seasoned investor seeking portfolio diversification or an astute entrepreneur with an eye for opportunity, this property offers an ideal platform to realize your vision and maximize returns in Innisfil's dynamic real estate market. Complete iGuide interior virtual tour and building plans available by request.

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Listed By ROYAL LEPAGE FIRST CONTACT REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N9020003
Last Updated Jul 09, 2024
Property Summary
Property Type Investment

More like this:
Category Apartment
PIN 580650293
Legal Description LT 34 PL 1363 ; INNISFIL
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $4,505
Tax Type Annual
Assessment (2024) $345,000
Directions/Cross Streets Killarney Beach Rd/20th Sideroad
Neighbourhood Lefroy
Area Simcoe
Price History
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Detailed Information
Freestanding Y
Lot 119.04 x 266.81 ft
Lot Irregularities 58.30'x119.04x266.81x127.67x206.23x21.25
Total Area 6,159 ft2
Air Conditioning Y
Basement Y
Garage Type Outside/Surface
Heat Type Gas Hot Water
Utilities Y
Water Well
Lot/Bldg/Unit Code Building
Zoning CG-34
Seller Property Info Statement N

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