3071 Mosley Street

Wasaga Beach, ON

S9392725

for sale
$2,100,000

Bedrooms
15
Bathrooms
12

EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL!

Excellent Location Steps To The Beach & Close To The New Casino
Converted Motel To A Legal 12-Plex
Impressive 5.75% Cap Rate
9 Single Bed/3 Double Bed Units With A Total Of 12 Kitchens
No Common Areas & Tenants Pay Own Utilities
Profit/Loss Statement Available
Old Phase 1 Environmental Site Assessment Available (2019)
Rezoned For Medium Density - Amazing Redevelopment Opportunities
Ample Parking
147.30’ Frontage On A 0.437 Acre Lot With The Neighbouring Property Also For Sale
Property Taxes (2023): $13132.32
Schools
Worsley / Collingwood CI
St Noel Chabanel / Jean Vanier

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
Central Location
Recreational
Property Details
Parking Total
12
Property Type
Residential
Community Features
Quiet Area
Building
Appliances
12 Fridges & 12 Stoves
Architectural Style
2 Storey
Basement Finish
None
Bathrooms
12
Beds Above Grade
15
Bedrooms
15
Building Type
Apartment Complex
Cooling
None
Heating Fuel
Electric
Heating
Baseboard Heaters
Roof Material
Asphalt Shingle
Sewer
Municipal (Sewer)
Stories
2
Water Source
Municipal Water
Land
Access Type
Year-round access
Easy access
Acres
0.437 Acres
Zoning
R4
Walk Score
Peggy Hill
Broker
RE/MAX Hallmark Peggy Hill Group Realty Brokerage
Listing ID: 8888055837
Last Updated: 2024-10-11 15:55:09

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.