3071 Mosley Street
Wasaga Beach, ON
EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL!
Schools
Welcome to 3071 Mosley Street in Wasaga Beach.
Situated in a coveted location, steps away from the tranquil waters and within close proximity to a new casino, this converted motel turned 12-plex offers an enticing array of features and opportunities. Furthermore, being a corner property with neighbouring vacant land earmarked for teardown and sale opens up a world of possibilities. With the added advantage of being rezoned for medium density, this property presents unparalleled redevelopment opportunities, allowing you to capitalize on the high demand for residential spaces in the area.
With a solid cap rate of 5.75%, this legal 12-plex presents a promising investment return. Comprising 9 single-bed and 3 double-bed units, each meticulously designed for a steady stream of rental income. With no common areas and tenants responsible for their own utilities, your operational costs remain low, minimizing landlord overheads and maximizing profitability.
For those with a keen eye for due diligence, a detailed profit/loss statement is readily available, offering transparency and insight into this property’s financial performance. Originally a motel, this property has seamlessly transformed to meet modern residential demands. The old Phase 1 environmental report from 2019 (available upon request) assures potential buyers of its environmental integrity, with no issues to impede future developments.
Spanning an impressive 147.30′ frontage on a sizable 0.437-acre lot, this property commands attention and offers plenty of space for expansion or additional amenities. Ample parking ensures hassle-free accessibility for residents and guests, enhancing the overall appeal and functionality of the property.
Whether you’re an experienced investor seeking to expand your portfolio or a savvy entrepreneur with an eye for lucrative opportunities, this property offers the ideal canvas for realizing your vision.
Schedule a showing today and seize the chance to own a piece of prime real estate with limitless possibilities!
#3071MosleyStreet
Property Features
Property Details
12
Residential
Community Features
Building
12 Fridges & 12 Stoves
2 Storey
None
12
15
15
Apartment Complex
None
Electric
Baseboard Heaters
Asphalt Shingle
Municipal (Sewer)
2
Municipal Water
Land
Year-round access
Easy access
0.437 Acres
R4
HoodQ
Walk Score
Last Updated: 2024-04-09 13:31:19
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.