Address
3071 Mosley St, Wasaga Beach, ON
Price
$ 2,498,000
Property Attributes
  • ID#S8208424
  • TypeMulti-Family
  • CityWasaga Beach
  • AreaWasaga Beach
  • NeighbourhoodWasaga Beach
  • Postal CodeL9Z 1W7
  • Style2-Storey
  • Taxes$ 13132
  • Price$ 2,498,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage5000
Data Source:
Toronto Real Estate Board (TRREB)
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 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.

Price History
4/5/2024 Listed $2,498,000

General Features

Water Municipal
Zoning R4
Garage Spaces 0.0
Pool Y/N None
Style 2-Storey
Heater Type Baseboard
Parking Spaces 12
Community Amenities Wasaga Beach
Rooms 39
Area Simcoe
Tax Year 2023
Lot Depth 107.74
Basement None
UtilitiesCable A
UtilitiesTelephone A
Status A
Features Beach
Features Lake/Pond
Features Public Transit
Features School Bus Route
Taxes 13132.32
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
ApproxAge 51-99
Square Footage Range 5000+
Property Sub Type Multiplex
Lot Front 147.30
Type .M.

Interior Features

Family Room No
Total Bedrooms 9
Heat Source Electric
A/C None
Kitchens 9
Kitchens Plus 3
Fireplace Stove No
Washrooms 12
BedroomsPlus 3

Exterior Features

Garage Type None
Drive Available
Exterior Board/Batten
Fronting On NSEW S
Sewers Sewers

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L9Z 1W7

Price
AVG $2.5M
$2.5M
Taxes
AVG $13,132
$13,132
Visits
AVG 116
120
Data Provided by Inside Real Estate®

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