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15 Lake Drive Image 1

$4,200,000

Jan 24Investment For Sale
bedroomsbed
washrooms0bath
MLS - #N11938546

15 Lake Drive, Georgina, ON L4P 1A1

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Similar Homes Found
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Average Price
420000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 15 Lake Drive

The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. Nine 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, Others with Kitchenette, 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.

Home Overview

Last updated

Jan 24

Virtual tour

None

Basement information

Building size

0.98

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Listed by ROYAL LEPAGE GOLDEN RIDGE REALTY

Additional Details

Basement:N/A
Cooling:Yes
Heating:Baseboard
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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