15 Lake Drive N Georgina, Ontario L4P 1A1
$4,200,000
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. (id:61015)
Business
| Business Type | Accommodation |
| Business Sub Type | Motel |
Property Details
| MLS® Number | N11938546 |
| Property Type | Business |
| Community Name | Historic Lakeshore Communities |
Building
| Bathroom Total | 18 |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Baseboard Heaters |
| Size Interior | 0.98 Acres |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 268 Ft ,2 In |
| 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 |
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January 24 2025 01:33:50
Toronto Regional Real Estate Board
Royal LePage Golden Ridge Realty