$4,200,000
FOR SALE

Investment

Lot: 175.07 x 268.17 ftTotal Area: 0.98 acres
2023 Taxes: $23,000

15 Lake Dr N
Georgina, ON L4P 1A1 | Historic Lakeshore Communities | York

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.
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Listed By ROYAL LEPAGE GOLDEN RIDGE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N8310100
Last Updated May 07, 2024
Property Summary
Property Type Investment

More like this:
Use Hotel/Motel/Inn
Category Accommodation
Legal Description Lots 29 & 30 Plan 94 & Pt.Lt 2 Plan 315
Occupancy Tenant
Possession Date TBA
Taxes (2023) $23,000
Tax Type Annual
Directions/Cross Streets Church St & Lake Dr North
Neighbourhood Historic Lakeshore Communities
Area York
Price History

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Detailed Information
Freestanding Y
Bathrooms 18
Lot 175.07 x 268.17 ft
Lot Irregularities Irregular
Total Area 0.98 acres
Elevator None
Air Conditioning Y
Basement N
Chattels Y
Garage Type None
Heat Type Baseboard
Financial Statement Y
Sprinklers N
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Building
Zoning Tourist Commercial
Seller Property Info Statement N

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