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Listed by Peggy Hill • RE/MAX Hallmark Peggy Hill Group Realty Brokerage

$2,075,000

Est. payment - /mo

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15 Beds

12 Baths

10,000 SqFt

Active

3071 Mosley Street Wasaga Beach, ON L9Z 1W7

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Mico Radulovic

[email protected] +1(519) 722-3434

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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

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Mico Radulovic

Real Estate Broker

+1(519) 722-3434

3071 Mosley Street Wasaga Beach, ON L9Z 1W7

Mico Radulovic

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3071 Mosley Street