ON > 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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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 2,100,000
Est. payment | /mo

9 Beds

12 Baths

Save
$ 2,100,000
Est. payment | /mo
Save

9 Beds

12 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

MLS Listing ID S9392725

Style 2-Storey

Bedrooms 9

Annual Tax Amount $13,132

Tax Year 2024

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

Area Wasaga Beach

Rooms

Family Room No

Basement None

Kitchen 12

Separate Den/Office 3

Interior

Interior Features Other

Cooling None

Fireplace No

Heat Source Electric

Exterior

Garage Available

Garage Spaces 12.0

Pool None

Waterfront No

Roof Type Asphalt Shingle

Parking Type None

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(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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3071 Mosley ST