$2,498,000
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3071 MOSLEY STREET, Wasaga Beach, ON L9Z1W7

12 Beds
12 Baths
0 Sq Ft

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 5.75%, 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:55598)

  • MLS® S8411402
  • Date Listed06/06/2024
  • Days on Realty 74 Days
  • Bedrooms 12
  • Bathrooms 12 baths
  • Lot Size -
  • Sewer Other
  • Subdivision Wasaga Beach
  • Property Type Other
  • Water Public

Interior Features

  • Appliances Refrigerator, Two stoves
  • Heating Baseboard Heaters, Electric

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Walkability in ON / L9Z1W7

Source: Walkscore


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 16/100, Transit Score: 0/100, Bike Score: 32/100.

Points of interest near 3071 MOSLEY STREET, Wasaga Beach, ON L9Z1W7

Frequently Asked Questions for 3071 MOSLEY STREET

Source: Realty.com

3071 MOSLEY STREET, Wasaga Beach, ON L9Z1W7 is a Other, Residential Income property listed for $2,498,000 The property is 0 sq. ft with 12 bedrooms and 12 bathrooms

Realty.com has 10 photos of 3071 MOSLEY STREET.

The full address for this home is 3071 MOSLEY STREET, Wasaga Beach, ON L9Z1W7.

3071 MOSLEY STREET has been listed on Realty.com since Thu June 06, 2024

The average walkability score in the surrounding area is Walk Score: 16/100, Transit Score: 0/100, Bike Score: 32/100.

Listing provided courtesy of: RE/MAX HALLMARK PEGGY HILL GROUP REALTY (tel: (705) 739-4455)
Listing agent: PEGGY HILL (tel: (705) 739-4455)

This content last refreshed on 2024-08-19 15:32:30. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 3071 MOSLEY STREET, Wasaga Beach, ON L9Z1W7 : MLS® S8411402