3071 MOSLEY Street, Wasaga Beach, Ontario

$2,100,000

15 Beds
12 Baths
10,000 Square Feet

EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL! Welcome to 3071 Mosley Street. This property is located steps from the water and the new casino, making it an attractive investment. The property is situated on a corner lot with neighbouring vacant land earmarked for teardown and sale. Rezoned for medium density, it provides an opportunity for redevelopment in response to the area's high demand for residential spaces. With a solid cap rate of 6.75%, the property promises a lucrative investment. It comprises 9 single- and 3 double-bedroom units, all with kitchens (12), designed to generate steady rental income. There are no common areas, and tenants are responsible for their own utilities, which keeps operational costs low and maximizes profitability. A detailed profit/loss statement is available for potential buyers, providing insight into the property's financial performance. The property has undergone a seamless transformation from a motel to meet modern residential demands, with an old Phase 1 environmental report (2019) assuring its environmental integrity. The property features an impressive 147.30' frontage on a sizable 0.437-acre lot, offering plenty of space for expansion or additional amenities. Ample parking is available for residents and guests, enhancing its appeal and functionality. Whether you're an experienced investor looking to expand your portfolio or an entrepreneur seeking lucrative opportunities, this property provides an ideal platform for realizing your vision. (id:56241)

Listing ID: 40661857
Property Type: Multi-family
Year Built: 1960

View Additional Photos

Schedule a Tour

Don't have a real estate agent? Use the calendar to schedule a showing with Lisa Bugler to view this property.

Schedule Private Tour

Lisa Bugler would happily provide a private viewing if you would like to schedule a tour.

Match your Lifestyle with your Home

Contact Lisa Bugler, who specializes in Wasaga Beach real estate, on how to match your lifestyle with your ideal home.
Get Started Now

Lifestyle Matchmaker

Let Lisa Bugler find a property to match your lifestyle.

Details

Amenities Nearby: Public Transit
Community Features: School Bus
Ownership: Freehold
Parking Spaces: 12
Transaction: For sale
Zoning Description: R4

Building

BasementType: None
Constructed Date: 1960
Cooling: None
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 12
Heating: Baseboard heaters
Heating Fuel: Electric
Size Interior: 10000 sqft
Stories Total: 2
Utility Water: Municipal water

Land

Access Type: Road access, Highway access
Amenities: Public Transit
Sewer: Municipal sewage system
Size Frontage: 147 ft
Size Irregular: 0.437
Size Total: 0.437 ac|under 1/2 acre

Listing provided by Re/Max Hallmark Peggy Hill Group Realty Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 3071 MOSLEY Street in Wasaga Beach Ontario. It was last modified on October 11th, 2024. Contact Lisa Bugler to schedule a viewing or to discover other Wasaga Beach real estate for sale.

Request More Information

Want more information or schedule a showing? Request more information with Lisa Bugler, who specializes in Wasaga Beach properties.

Terms of Use Agreement

Terms of Use
This website is operated by Lisa Bugler, a REALTOR® who is a member of The Canadian Real Estate Association (CREA). The content on this property is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Lisa Bugler, and CREA.

Copyright
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

Amendments
Lisa Bugler may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

Agree Decline