280 River Road E

Wasaga Beach, Ontario

MLS® 40190077

For sale
$4,900,000

Attention Investors & Developers! Rare find on Prime riverfront within walking distance to the main beach area and Allenwood Beach. This great investment opportunity offers 30 units fully tenanted with over 150' of river frontage. Income supports a great return property also well positioned for future development. Lot measures approx. 61,870.90 ft² (1.420 ac) Very close to the boating entrance to Georgian Bay off the Nottawasaga River - location offers spectacular views. This commercial property is waiting for new owners to take it to the next level - opportunity to continue to run a profitable business with strong annual revenues while applying for permits to develop waterfront condos or townhouses. Residential high density zoning along with spectacular views of the Nottawasaga River, Georgian Bay and The Blue Mountains make this a particularly desirable development site. Situated very close to the Stonebridge housing development, retail development with Walmart and more within easy walking distance.
PROPERTY
Property Type
Commercial
Rental Equipment Type
Hot Water Heater
View Type
Bay
Mountains
River
Waterfront Name
Nottawasaga River
Zoning
R4
COMMUNITY FEATURES
Lake Access
School Bus Route
Schools
Shopping Nearby
BUILDING
Basement Finish
Fully Finished
Basement Type
Full Basement
Building Type
Building and Land
Property Attached
Detached
Construction Materials
Brick
Security Features
Alarm System
Smoke Detector(s)
Heating
Baseboard
Stories
2
Water Source
Municipal
BUILDING AMENITIES
None
LAND
Sewer
Sewer (Municipal)
Lot Depth
0.00 ft
Lot Front
158.00 ft
Lot Size Area
6187
Water Body Type
River
LANDSCAPE FEATURES
Balcony
© 2022 Information Technology Systems Ontario Inc.
Listing Courtesy of RE/MAX By The Bay Brokerage
Last Updated: 2021-11-26 12:07:49

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. All information is deemed reliable but not guaranteed.

Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence.