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$ 2,075,000
Est. payment /mo
New
3071 Mosley ST Wasaga Beach, ON L9Z 1W7
12 Beds
12 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Wasaga Beach
MLS Listing ID S12230726
Style 2-Storey
Bedrooms 12
Building Age 51-99
Annual Tax Amount $13,875
Tax Year 2024
Property Sub-Type Multiplex
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 todays 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 teardown and 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
Community Wasaga Beach
Area Simcoe
Rooms
Family Room No
Basement None
Kitchen 12
Separate Den/Office 3
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 147.3
Lot Depth 107.74
Total Parking Spaces 12
Building
Unit Features Beach,Lake/Pond,School Bus Route,Public Transit
Foundation Poured Concrete
Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY
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