$4,200,000
Available - For Sale
Listing ID: N11938546
15 Lake Dr North , Georgina, L4P 1A1, Ontario
| 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. |
| Price | $4,200,000 |
| Taxes: | $23000.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 15 Lake Dr North , Georgina, L4P 1A1, Ontario |
| Postal Code: | L4P 1A1 |
| Province/State: | Ontario |
| Legal Description: | Lots 29 & 30 Plan 94 & Pt.Lt 2 Plan 315 |
| Lot Size: | 175.07 x 268.17 (Feet) |
| Directions/Cross Streets: | Church St & Lake Dr North |
| Category: | Accommodation |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | Y |
| Total Area: | 0.98 |
| Total Area Code: | Acres |
| Retail Area: | 0 |
| Retail Area Code: | % |
| Franchise: | N |
| Sprinklers: | N |
| Washrooms: | 18 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Water: | Municipal |
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| ROYAL LEPAGE GOLDEN RIDGE REALTY |
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At a Glance:
| Type: | Com - Investment |
| Area: | York |
| Municipality: | Georgina |
| Neighbourhood: | Historic Lakeshore Communities |
| Lot Size: | 175.07 x 268.17(Feet) |
| Tax: | $23,000 |
| Baths: | 18 |
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