LOADING

15 Lake Drive N Georgina, Ontario L4P 1A1

18 Bathroom 0.98 ac
Fully Air Conditioned Baseboard Heaters

$4,200,000

The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, 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. (id:39551)

Business

Business Type Accommodation
Business Sub Type Motel

Property Details

MLS® Number N8310100
Property Type Business
Community Name Historic Lakeshore Communities

Building

Bathroom Total 18
Cooling Type Fully Air Conditioned
Fireplace Present No
Heating Type Baseboard Heaters
Size Interior 0.98 Ac
Utility Water Municipal Water

Land

Acreage No
Size Depth 268 Ft
Size Frontage 175 Ft
Size Irregular Bldg=175.07 X 268.17 Ft ; Irregular
Size Total Text Bldg=175.07 X 268.17 Ft ; Irregular
Zoning Description Tourist Commercial

https://www.realtor.ca/real-estate/26852899/15-lake-drive-n-georgina-historic-lakeshore-communities

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