3071 Mosley Street Active Save Request In-Person Tour Request Virtual Tour
Wasaga Beach,ON L9Z 1W7
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $207
MLS Listing ID 40742943
Bedrooms 15
Abv Grd Liv Area 10,000
Year Built 1960
Annual Tax Amount $13,875
Lot Size 0.437 Acres
Acres 0.437
Property Sub-Type Apartment
Source Barrie
Property Description
EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL! Unlock the full potential of this rare investment property in a sought-after location just steps from the water and minutes from the new casino. This former motel has been transformed into a fully tenanted, legal 12-plex, offering investors a strong cap rate of 6.75% and multiple value-add angles that make it stand out in today's market. Zoned for medium-density residential development and situated on a corner lot with 147.3 feet of frontage, this property is adjacent to vacant land earmarked for redevelopment, offering excellent future expansion potential. The generous 0.437-acre site is perfectly positioned for long-term growth and creative redevelopment in an area with rising demand for housing. Inside, the building is configured with 9 one-bedroom and 3 two-bedroom units, all of which are self-contained and have tenant-paid utilities, resulting in low operating costs and minimal landlord management. No common areas = no additional maintenance headaches. Additional highlights: Detailed P&L statement available for qualified buyers, Environmental Phase 1 report (2019) available on request with no known concerns, Ample on-site parking for all tenants and visitors, Fully occupied with reliable cash flow from day one. This is a golden opportunity for investors looking to scale, develop, or simply hold a solid income-producing asset in a high-growth area. With the casino nearby, rezoning already in place, and development buzz surrounding the neighbourhood, this property offers both immediate income and long-term upside. Opportunities like this are rare; don't miss your chance to capitalize!
Location
Province ON
County Simcoe County
Area Wasaga Beach
Zoning R4
Direction Highway 26/Mosley Street
Rooms
Basement None
Kitchen 0
Interior
Interior Features Other
Heating Baseboard,Electric
Cooling None
Fireplace No
Appliance Refrigerator,Stove
Laundry None
Exterior
Waterfront Description Lake/Pond
Roof Type Asphalt Shing
Street Surface Paved
Lot Frontage 147.3
Lot Depth 107.74
Garage No
Building
Lot Description Highway Access,Public Transit,School Bus Route
Faces Highway 26/Mosley Street
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Board & Batten Siding
New Construction No
Schools
Elementary Schools Worsley / Collingwood Ci
High Schools St Noel Chabanel / Jean Vanier
Others
Senior Community No
Tax ID 589470032
Ownership Freehold/None