$2,498,000
Status: For Sale
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.
| Property Type | :Residential |
| Area | :5000+ sqft |
| MLS Number | :S8208424 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :09 Apr, 2024 (20 Days ago) |
| Property Age | :51-99 years |
| Area | :Simcoe |
| Community | : Wasaga Beach |
| Postal Code | : L9Z 1W7 |
| Source | :TRREB |
| Price | :$2,498,000 |
| Property Taxes | :$13132.32 |
| Tax Year | :2023 |
| Bedrooms | :9 + 3 |
| No. of Rooms | :39 |
| Air Conditioning | :None |
| Heating | :Baseboard |
| Place of Worship | :No |
| Cross Street | :Highway 26/Mosley Street |
| Bathrooms | :12 |
| Fuel | :Electric |
| Approx Square Footage | :5000+ sqft |
| Exterior Finish | :Board/Batten |
| Internet | :Yes |
| Parking Space | :12 |
| Basement | :None |
| Garage | :None |
| Public Transit | :No |
| School | :No |
05 Apr, 2024
TREB #S8208424
Listed
$2498000.0
3071 Mosley St brings to you its latest residential development at a prime location in Simcoe, Ontario.
RE/MAX HALLMARK PEGGY HILL GROUP REALTY presents 3071 Mosley St to the aspiring future-residents. The Property is for Sale and Available, it offers high capital appreciation and available at a price of 2,498,000. 3071 Mosley St is the most luxurious Resedential nestled in Wasaga Beach, Simcoe, Ontario Canada. 3071 Mosley St development is a master-planned residential community located in Canada. These mesmerizing and breath-taking Multiplex are the ideal fit for those who aspire to live an opulent life in the most sought-after locality. the area is intended to create a safe and welcoming pedestrian experience. The residences of 3071 Mosley St embody modern sophistication combined with the charm of the classic.
The residents at 3071 Mosley St can enjoy exclusive access to an array of top-notch area size 5000+ sqft. Wait there’s more! 3071 Mosley St also offers impressive exterior and interior features and finishes to offer you a lavishing lifestyle. It also covers 9+3 beds, 12 baths.
Square Yards is offering Cashback amount of $12,490 on Booking the inventory, the project is live since 20 Days, there is No change in Price . Simcoe Real Estate offers mls multiple listing service from the real estate board of Simcoe. Square Yards offers quality services provided by trusted real estate agent and professionals who support in buying home or renting a property.
