$ 4,200,000
15 Lake DR N Georgina, ON L4P 1A1
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,200,000
Est. payment /mo
Active
15 Lake DR N Georgina, ON L4P 1A1
18 Baths
UPDATED:
09/17/2024 03:10 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID N8310100
Annual Tax Amount $23,000
Tax Year 2023
Property Description
The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, 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
State ON
County York
Area Historic Lakeshore Communities
Interior
Heating Yes
Cooling Yes
Exterior
Utilities Available Yes
Building
Lot Description Irregular Lot
Others
Security Features No
Listed by ROYAL LEPAGE GOLDEN RIDGE REALTY