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$ 4,200,000
Est. payment | /mo
18 Baths
$ 4,200,000
Est. payment | /mo
18 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Historic Lakeshore Communities
MLS Listing ID N11938546
Annual Tax Amount $23,000
Tax Year 2024
Property Sub-Type Investment
Property Description
The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. Nine 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, Others with Kitchenette, New Drive Way & Parkings. Panoramic View of Lake Simcoe, Over 90% Occupancy, Stable Longer Term Guests, Minimum Turnover and Management. Proposed Keswick Secondary Plan Allows Commercial Uses Up To 8 Storey High. Value-Add Opportunities by Renovating the Remaining Units or Building New Units. Owner Willing To Stay On and Help With Transition.
Location
Province ON
County York
Community Historic Lakeshore Communities
Area York
Interior
Heating Yes
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 175.07
Lot Depth 268.17
Building
Lot Description Irregular Lot
Others
Security Features No
Listed by ROYAL LEPAGE GOLDEN RIDGE REALTY