3071 Mosley Street Active Save Request In-Person Tour Request Virtual Tour
Wasaga Beach,ON L9Z 1W7
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $210
MLS Listing ID 40661857
Bedrooms 15
Abv Grd Liv Area 10,000
Originating Board Barrie
Year Built 1960
Annual Tax Amount $13,132
Lot Size 0.437 Acres
Acres 0.437
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 County
Area Wasaga Beach
Zoning R4
Direction Highway 26/Mosley Street
Rooms
Basement None
Kitchen 0
Interior
Interior Features Other
Heating Baseboard,Electric
Cooling None
Fireplace No
Appliance Refrigerator,Stove
Laundry None
Exterior
Waterfront No
Waterfront Description Lake/Pond
Roof Type Asphalt Shing
Street Surface Paved
Lot Frontage 147.3
Lot Depth 107.74
Garage No
Building
Lot Description Highway Access,Public Transit,School Bus Route
Faces Highway 26/Mosley Street
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Board & Batten Siding
New Construction No
Schools
Elementary Schools Worsley / Collingwood Ci
High Schools St Noel Chabanel / Jean Vanier
Others
Senior Community false
Tax ID 589470032
Ownership Freehold/None