3071 Mosley ST Active Save Request In-Person Tour Request Virtual Tour
Wasaga Beach,ON L9Z 1W7
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
Lot Depth 107.74
Lot Front 147.3
Appx SqFt 5000 +
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 today's 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 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
Zoning R4
Rooms
Family Room No
Basement None
Kitchen 12
Separate Den/Office 3
Interior
Interior Features Other
Cooling None
Inclusions 12 Fridges & 12 Stoves.
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 147.3
Lot Depth 107.74
Total Parking Spaces 12
Building
Foundation Poured Concrete
Others
Senior Community No