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3071 Mosley Street Wasaga Beach, Ontario L9Z 1W7

15 Bedroom 12 Bathroom 10000 sqft
None Baseboard Heaters

$2,498,000

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. (id:51004)

Property Details

MLS® Number 40599900
Property Type Multi-family
Amenities Near By Public Transit
Community Features School Bus
Parking Space Total 12

Building

Bathroom Total 12
Bedrooms Total 15
Basement Type None
Constructed Date 1960
Cooling Type None
Foundation Type Poured Concrete
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 10000 Sqft
Utility Water Municipal Water

Land

Access Type Road Access, Highway Access
Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Depth 108 Ft
Size Frontage 147 Ft
Size Irregular 0.437
Size Total 0.437 Ac|under 1/2 Acre
Size Total Text 0.437 Ac|under 1/2 Acre
Zoning Description R4

https://www.realtor.ca/real-estate/27001913/3071-mosley-street-wasaga-beach


Peggy Hill
Broker

(705) 739-4455
(866) 919-5276
Re/Max Hallmark Peggy Hill Group Realty Brokerage
374 Huronia Road
Barrie, Ontario L4N 8Y9

(705) 739-4455
(866) 919-5276
peggyhill.com/

Todd Piirto
Salesperson

(705) 627-9867
(866) 919-5276
Re/Max Hallmark Peggy Hill Group Realty Brokerage
374 Huronia Road Unit: 101
Barrie, Ontario L4N 8Y9

(705) 739-4455
(866) 919-5276
peggyhill.com/

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