$4,200,000

15 Lake Dr N

Historic Lakeshore Communities, Georgina, Ontario, L4P 1A1

| 18  | sq.ft. |
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The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, 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.

Property Info
MLS®: N8310100
Listing Courtesy of ROYAL LEPAGE GOLDEN RIDGE REALTY
Total Bedrooms 0
Total Bathrooms 18
Basement N
Floor Space 0 sq.ft.
Lot Size 46949 sq.ft.
Style other
Last Updated 2024-09-17
Property Type Investment
Listed Price $4,200,000
Unit Pricing $4,200,000/sq.ft.
Strata Fee $0.00
Tax Estimate $23,000/Year
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