$2,100,000 FOR SALE

Multiplex 2-Storey

Bedrooms: 9+3Bathrooms: 12Lot: 147.3 x 107.74 ft
2024 Taxes: $13,132.32

3071 Mosley St
Wasaga Beach, ON L9Z 1W7 | Simcoe

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.

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Listed By RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S9392725
Last Updated Oct 11, 2024
Property Summary
Property Type Multiplex

More like this:
PIN 589470032
Legal Description LT 193 PL 893 NOTTAWASAGA; LT 194 PL 893 NOTTAWASAGA; PT RDAL BTN LT 33 & 34 CON 2 NOTTAWASAGA (AS CLOSED BY RO877242); WASAGA BEACH
Possession Date Flexible
Taxes (2024) $13,132.32
Directions/Cross Streets Highway 26/Mosley Street
Neighbourhood Wasaga Beach
Area Simcoe
Price History
Interested in obtaining the full price history for this property?
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
Fronting On S
Property Features Beach, Lake/Pond, Public Transit, School Bus Route
Special Designations Unknown
Bedrooms 9+3
Bathrooms 12
Rooms 39
Kitchens 9+3
Lot 147.3 x 107.74 ft
Lot Irregularities 0.437 Acres
Approximate Square Footage 5000+
Approximate Age 51-99
Exterior Board/Batten
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Basement None
Drive Available
Garage Spaces 0.0
Garage Type None
Parking Spaces 12
Total Parking Spaces 12.0
Heat Source Electric
Heat Type Baseboard
Sewers Sewers
Utilities-Cable A
Utilities-Telephone A
Water Municipal
Zoning R4
Seller Property Info Statement N
Bathrooms
Pieces Level
4

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