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. |
Price | $4,200,000 |
Taxes: | $23000.00 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 15 Lake Dr North , Georgina, L4P 1A1, Ontario |
Postal Code: | L4P 1A1 |
Province/State: | Ontario |
Legal Description: | Lots 29 & 30 Plan 94 & Pt.Lt 2 Plan 315 |
Lot Size: | 175.07 x 268.17 (Feet) |
Directions/Cross Streets: | Church St & Lake Dr North |
Category: | Accommodation |
Use: | Hotel/Motel/Inn |
Building Percentage: | Y |
Total Area: | 0.98 |
Total Area Code: | Acres |
Retail Area: | 0 |
Retail Area Code: | % |
Financial Statement: | Y |
Chattels: | Y |
Franchise: | N |
Employees #: | 0 |
Sprinklers: | N |
Washrooms: | 18 |
Heat Type: | Baseboard |
Central Air Conditioning: | Y |
Elevator Lift: | None |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
ROYAL LEPAGE GOLDEN RIDGE REALTY |
|
Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | York |
Municipality: | Georgina |
Neighbourhood: | Historic Lakeshore Communities |
Lot Size: | 175.07 x 268.17(Feet) |
Tax: | $23,000 |
Baths: | 18 |