$4,450,000
Available - For Sale
Listing ID: S11993381
146 45th Stre North , Wasaga Beach, L9Z 1Z2, Simcoe
| ATTENTION DEVELOPERS & INVESTORS!! This prime location presents and excellent opportunity for those with a solid vision of what the future has in store for Wasaga Beach, one of Ontario's fastest growing communities. This 1- 2/3 acre property is located on the north west corner of Mosley St and 45th St. N. one of the busiest intersections in town with over 300 ft. fronting on Mosley St. The other 3 corners of the intersection are commercially developed and have anchor tenants such as LCBO, SHOPPERS DRUG MART, TIM HORTONS, ESSO, REAL CANADIAN SUPERSTORE, CANADIAN TIRE, RE/MAX. STARBUCKS and HOME HARDWARE. The current population of 25,000 is predicted to increase to 50,000 over the next 25 years. This location is closest commercial hub to several active new home construction sites which are a short drive away. Current zoning offers several options, 4 to 5 story's offering commercial retail and professional office space or residential units. The existing business The Beacon Restaurant and Bar is a landmark of the community and has been operated by the same family for 75 years. The business is LCBO licenced for 190 inside and 48 on the patio. In addition to the restaurant bar income, 2 commercial and 6 residential rents generate additional income. Financials are available for Buyers considering operating the existing business. The owner will consider a development joint venture with a creditworthy applicant(s). |
| Price | $4,450,000 |
| Taxes: | $27025.00 |
| Tax Type: | Annual |
| Assessment: | $1388000 |
| Assessment Year: | 2025 |
| Occupancy: | Owner+T |
| Address: | 146 45th Stre North , Wasaga Beach, L9Z 1Z2, Simcoe |
| Postal Code: | L9Z 1Z2 |
| Province/State: | Simcoe |
| Legal Description: | LT 34 PL 869 NOTTAWASAGA; BLK C PL 869 N |
| Lot Size: | 200.00 x 310.00 (Feet) |
| Directions/Cross Streets: | Mosley and 45th St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 7000.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Business/Building Name: | THE BEACON RESTAURANT AND BAR |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 9:00 a. |
| Seats: | 238 |
| LLBO: | Y |
| Sprinklers: | Part |
| Washrooms: | 10 |
| Soil Test: | Environmenta |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Wasaga Beach |
| Neighbourhood: | Wasaga Beach |
| Lot Size: | 200.00 x 310.00(Feet) |
| Tax: | $27,025 |
| Baths: | 10 |
| Fireplace: | N |
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