ON > Wasaga Beach > Wasaga Beach
Wasaga Beach, ON L9Z 1W7,3071 Mosley ST
Wasaga Beach, ON L9Z 1W7,3071 Mosley ST
Wasaga Beach, ON L9Z 1W7,3071 Mosley ST
Wasaga Beach, ON L9Z 1W7,3071 Mosley ST
Wasaga Beach, ON L9Z 1W7,3071 Mosley ST
Wasaga Beach, ON L9Z 1W7,3071 Mosley ST
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Paula McFarlane

Paula McFarlane

+1(519) 860-8697
$ 2,075,000
Est. payment | /mo

12 Beds

12 Baths

Save
$ 2,075,000
Est. payment | /mo
Save

12 Beds

12 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Wasaga Beach

MLS Listing ID S11908936

Style 2-Storey

Bedrooms 12

Building Age 51-99

Annual Tax Amount $13,875

Tax Year 2024

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Simcoe

Community Wasaga Beach

Area Simcoe

Rooms

Family Room No

Basement None

Kitchen 12

Separate Den/Office 3

Interior

Interior Features Other

Cooling None

Fireplace No

Heat Source Electric

Exterior

Parking Features Available

Pool None

Roof Type Asphalt Shingle

Lot Frontage 147.3

Lot Depth 107.74

Total Parking Spaces 12

Building

Unit Features Beach,Lake/Pond,School Bus Route,Public Transit

Foundation Poured Concrete

Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(519) 860-8697

paularmcfarlane@gmail.com

1-389 Queens Ave., London, ON, N6B 1X5, CAN

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3071 Mosley ST