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3071 Mosley St

Mosley StWasaga BeachWasaga BeachON, L9Z 1W7

12
Beds
12
Baths
$2,100,000
List Price
3071 Mosley St, Wasaga Beach, ON - 1 of 3
3071 Mosley St, Wasaga Beach, ON - 2 of 3
3071 Mosley St, Wasaga Beach, ON - 3 of 3
New
28 days on market

Quick Summary

  • Exclusive 12-unit property in high-demand area
  • Situated on corner lot with vacant land
  • Rezoned for medium density development
  • Solid 6.75% cap rate for lucrative investment
  • Comprises 9 single- and 3 double-bedroom units
  • No common areas, low operational costs
  • Transformed from motel to meet residential needs
  • Ample parking for residents and guests

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... Show More

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.

Property Details

Size

Sq. Ft. Not Available
12 Beds
9 Above Grade - 3 Below Grade
12 Baths

Parking

12 Parking Spaces
None

Build

Year Built
1925 - 1973
Model Name
-
Basement
None
Exterior
Board/Batten
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard
Cooling
None

Utilities

Water
-
Sewer
Sewers
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$13,132.32

Source

Listing Brokerage

MLS® Listing
S9392725
Last Updated
October 28, 2024
Brokerage
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Call us 800-591-0566

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