This powerhouse investment at 22985 Lake Ridge Road offers a rare combination of residential income and commercial versatility on a nearly a acre lot with two frontages. Bordering Georgina and Brock, the property features five distinct rental streams: a 1000sqft shop/office with two bay doors, three apartments (two upper 2-bedroom and one ground level 1-bedroom), plus a separate 2-bedroom raised bungalow. Zoned hamlet commercial (HC), the potential is massive with permitted uses including a grocery store, medical clinic, restaurant (with drive-in), automotive repair, gas bar, hotel, and retail commercial establishments. The site is ideally located just off the highly visible and accessible Highway 48, and minutes from Lake Simcoe beaches and marinas. Practicality meets profit with 16+ parking spaces, all units on separate meters (tenants pay utilities), and a new drilled well and septic system installed in 2020. This asset has the potential to be a revenue engine. All tenants are currently month-to-month, offering immediate cash flow with future flexibility for any savvy investor or owner-user looking to capitalize on this rural commercial hub. (id:61852)
| MLS® Number | N12810722 |
| Property Type | Single Family |
| Community Name | Cannington |
| AmenitiesNearBy | Golf Nearby, Marina, Schools |
| EquipmentType | None |
| ParkingSpaceTotal | 23 |
| RentalEquipmentType | None |
| Structure | Shed |
| BathroomTotal | 5 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Amenities | Fireplace(s) |
| Appliances | Water Heater |
| BasementType | None |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| ExteriorFinish | Brick, Concrete Block |
| FireplacePresent | Yes |
| FlooringType | Carpeted, Linoleum, Tile |
| FoundationType | Brick, Block, Wood |
| HalfBathTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 3500 - 5000 Sqft |
| Type | House |
| UtilityWater | Drilled Well |
| Detached Garage | |
| Garage |
| Acreage | No |
| LandAmenities | Golf Nearby, Marina, Schools |
| Sewer | Septic System |
| SizeDepth | 238 Ft ,4 In |
| SizeFrontage | 133 Ft ,2 In |
| SizeIrregular | 133.2 X 238.4 Ft |
| SizeTotalText | 133.2 X 238.4 Ft|1/2 - 1.99 Acres |
| SurfaceWater | Lake/pond |
| ZoningDescription | Hc |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 2 | 5.2 m | 4.4 m | 5.2 m x 4.4 m |
| Second Level | Kitchen | 4.9 m | 2.8 m | 4.9 m x 2.8 m |
| Second Level | Living Room | 4.3 m | 3.6 m | 4.3 m x 3.6 m |
| Second Level | Bedroom | 4.3 m | 3.6 m | 4.3 m x 3.6 m |
| Second Level | Bedroom 2 | 5.2 m | 4.4 m | 5.2 m x 4.4 m |
| Second Level | Kitchen | 4.9 m | 2.8 m | 4.9 m x 2.8 m |
| Second Level | Living Room | 4.3 m | 3.6 m | 4.3 m x 3.6 m |
| Second Level | Bedroom | 4.3 m | 3.6 m | 4.3 m x 3.6 m |
| Ground Level | Living Room | 3.5 m | 6.9 m | 3.5 m x 6.9 m |
| Ground Level | Living Room | 3.3 m | 3.2 m | 3.3 m x 3.2 m |
| Ground Level | Bedroom | 3.16 m | 3.16 m | 3.16 m x 3.16 m |
| Ground Level | Kitchen | 3.3 m | 3 m | 3.3 m x 3 m |
| Ground Level | Bedroom | 3 m | 4 m | 3 m x 4 m |
| Ground Level | Kitchen | 3.8 m | 3 m | 3.8 m x 3 m |
| Cable | Available |
| Electricity | Installed |
https://www.realtor.ca/real-estate/29387912/22985-lakeridge-road-brock-cannington-cannington
Contact us for more information
Jennifer Jones
Salesperson
Michael Fisher
Salesperson
Deanna Elizabeth Hutton
Salesperson