ON > Georgina > Historic Lakeshore Communities
Georgina, ON L4P 1A1,15 Lake DR N
Georgina, ON L4P 1A1,15 Lake DR N
Georgina, ON L4P 1A1,15 Lake DR N
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$4,200,000
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18 Baths
Active

15 Lake DR N Georgina, ON L4P 1A1

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Catherine Antwi

Catherine Antwi

Vivid Marketing

+1(416) 662-5352

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Historic Lakeshore Communities

MLS Listing ID N11938546

Annual Tax Amount $23,000

Tax Year 2024

Property Sub-Type Investment

Property Description

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.

Location

State ON

County York

Community Historic Lakeshore Communities

Area York

Interior

Heating Yes

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 175.07

Lot Depth 268.17

Building

Lot Description Irregular Lot

Others

Security Features No

Listed by ROYAL LEPAGE GOLDEN RIDGE REALTY

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agent

Catherine Antwi

+1(416) 662-5352

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15 Lake DR N