15 Lake Drive N Georgina (Historic Lakeshore Communities), Ontario L4P 1A1
$4,200,000
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. (id:58770)
Business
| BusinessType | Accommodation |
| BusinessSubType | Motel |
Property Details
| MLS® Number | N8310100 |
| Property Type | Business |
| Community Name | Historic Lakeshore Communities |
Building
| BathroomTotal | 18 |
| CoolingType | Fully Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeInterior | 0.98 Ac |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 268 Ft ,2 In |
| SizeFrontage | 175 Ft |
| SizeIrregular | Bldg=175.07 X 268.17 Ft ; Irregular |
| SizeTotalText | Bldg=175.07 X 268.17 Ft ; Irregular |
| ZoningDescription | Tourist Commercial |
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Kai Zhang
Salesperson
8365 Woodbine Ave. #111
Markham, Ontario L3R 2P4
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October 16 2024 03:46:03
Toronto Real Estate Board
Royal LePage Golden Ridge Realty