ON > Wasaga Beach
Wasaga Beach, ON L9Z 1W7,3071 Mosley Street
Wasaga Beach, ON L9Z 1W7,3071 Mosley Street
Wasaga Beach, ON L9Z 1W7,3071 Mosley Street
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$2,100,000
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15 BD
12 BA
10,000 SqFt
Active

3071 Mosley Street Wasaga Beach, ON L9Z 1W7

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Diana Winger

Diana Winger

+1(226) 705-3369

UPDATED:

10/28/2024 03:05 PM

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

Listed by Re/Max Hallmark Peggy Hill Group Realty Brokerage

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Diana Winger

Agent | License ID: BRBM2358

+1(226) 705-3369

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3071 Mosley Street