15 Lake Drive, Georgina, ON L4P 1A1

Georgina L4P 1A1 Ontario

MLS: N11938546

$4,200,000

Added 93 days ago | For Sale

Listed by: ROYAL LEPAGE GOLDEN RIDGE REALTY

About Property

The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. Nine 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, Others with Kitchenette, New Drive Way & Parkings. Panoramic View of Lake Simcoe, Over 90% Occupancy, Stable Longer Term Guests, Minimum Turnover and Management. Proposed Keswick Secondary Plan Allows Commercial Uses Up To 8 Storey High. Value-Add Opportunities by Renovating the Remaining Units or Building New Units. Owner Willing To Stay On and Help With Transition.

Features

  • House Style:Investment
  • Bathrooms:18
  • Land Size: 175.07 X 268.17
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Church St & Lake Dr North
  • Basement: ,
  • Possession Date:TBA
  • Annual Property taxes: $23000
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:N11938546

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