15 Lake Dr N Georgina, Ontario L4P 1A1
$5,500,000
The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land with 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, 2 Units Have Been Fully Updated, Work Has Started On Another 6 Units, New Drive Way & Parkings Being Paved. Panoramic View of Lake Simcoe, Over 90% Occupancy, Currently Tailored To Mostly 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.**** EXTRAS **** All Existing Appliances and Fixtures, Guests' Belongings Excluded. (id:55349)
Property Details
| MLS® Number | N6152396 |
| Property Type | Business |
| Neigbourhood | Keswick |
| Community Name | Historic Lakeshore Communities |
Building
| Bathroom Total | 18 |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Baseboard Heaters |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | Bldg=175.07 X 268.17 Ft ; Irregular |
| Size Total Text | Bldg=175.07 X 268.17 Ft ; Irregular |
https://www.realtor.ca/real-estate/25715275/15-lake-dr-n-georgina-historic-lakeshore-communities
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January 17 2024 04:23:50
Toronto Real Estate Board
Royal LePage Golden Ridge Realty