3071 Mosley Street Wasaga Beach, Ontario L9Z 1W7
$2,075,000
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! (id:61852)
Property Details
| MLS® Number | S12230726 |
| Property Type | Multi-family |
| Community Name | Wasaga Beach |
| AmenitiesNearBy | Beach, Public Transit |
| CommunityFeatures | School Bus |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 12 |
Building
| BathroomTotal | 12 |
| BedroomsAboveGround | 9 |
| BedroomsBelowGround | 3 |
| BedroomsTotal | 12 |
| Age | 51 To 99 Years |
| Appliances | Two Stoves, Two Refrigerators |
| ExteriorFinish | Wood |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 5000 - 100000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Beach, Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 107 Ft ,8 In |
| SizeFrontage | 147 Ft ,3 In |
| SizeIrregular | 147.3 X 107.7 Ft ; 0.437 Acres |
| SizeTotalText | 147.3 X 107.7 Ft ; 0.437 Acres|under 1/2 Acre |
| SurfaceWater | Lake/pond |
| ZoningDescription | R4 |
Utilities
| Cable | Available |
https://www.realtor.ca/real-estate/28489359/3071-mosley-street-wasaga-beach-wasaga-beach
Interested?
Contact us for more information
Peggy Hill
Broker
374 Huronia Road #101, 106415 & 106419
Barrie, Ontario L4N 8Y9
Todd Piirto
Salesperson
374 Huronia Road #101, 106415 & 106419
Barrie, Ontario L4N 8Y9
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June 25 2025 09:22:11
Toronto Real Estate Board
RE/MAX Hallmark Peggy Hill Group Realty
