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Maria Tompson
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Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$2,075,000
Available - For Sale
Listing ID: S12230726
EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL! Unlock the full potential of this rare investment property in a sought-after location just steps from the water and minutes from the new casino. This former motel has been transformed into a fully tenanted, legal 12-plex, offering investors a strong cap rate of 6.75% and multiple value-add angles that make it stand out in todays market. Zoned for medium-density residential development and situated on a corner lot with 147.3 feet of frontage, this property is adjacent to vacant land earmarked for teardown and redevelopment, offering excellent future expansion potential. The generous 0.437-acre site is perfectly positioned for long-term growth and creative redevelopment in an area with rising demand for housing. Inside, the building is configured with 9 one-bedroom and 3 two-bedroom units, all of which are self-contained and have tenant-paid utilities, resulting in low operating costs and minimal landlord management. No common areas = no additional maintenance headaches. Additional highlights: Detailed P&L statement available for qualified buyers, Environmental Phase 1 report (2019) available on request with no known concerns, Ample on-site parking for all tenants and visitors, Fully occupied with reliable cash flow from day one. This is a golden opportunity for investors looking to scale, develop, or simply hold a solid income-producing asset in a high-growth area. With the casino nearby, rezoning already in place, and development buzz surrounding the neighbourhood, this property offers both immediate income and long-term upside. Opportunities like this are rare; don't miss your chance to capitalize!
Price $2,075,000
Taxes: $13,875.49
Assessment Year: 2024
Occupancy by: Tenant
Address: 3071 Mosley Stre , Wasaga Beach, L9Z 1W7, Simcoe
Acreage: < .50
Directions/Cross Streets: Mosley St/57th St
Rooms: 39
Bedrooms: 9
Bedrooms +: 3
Washrooms: 12
Family Room: F
Basement: None
No. of Pieces Level
Washroom 1:  4
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Board & Batten
Garage Type: None
(Parking/)Drive: Available
Drive Parking Spaces: 12
Park #1
Parking Type: Available
Park #2
Parking Type: Available
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 5000 +
Property Features: Beach
Lake/Pond
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: A
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RE/MAX HALLMARK PEGGY HILL GROUP REALTY

3071 Mosley Stre , Wasaga Beach, L9Z 1W7, Simcoe

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
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416-981-7184

 
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Type: Freehold - Multiplex
Area: Simcoe
Municipality: Wasaga Beach
Neighbourhood: Wasaga Beach
Style: 2-Storey
Lot Size: x 107.74(Feet)
Approximate Age: 51-99
Tax: $13,875.49
Maintenance Fee: $0
Beds: 9+3
Baths: 12
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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