Wasaga Beach, 3071 MOSLEY Street - For Sale, $2,075,000

$2,075,000 Sale

Listed 22 days ago

3071 MOSLEY Street

MLS® 40742943 Multi Family

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Beds · 15

Baths · 12.0

Parking · 12

Sqft · 10000

Est. mortgage

$10,917/mo

Key Facts

Key facts for 3071 MOSLEY Street

Property Type

Apartment

Parking

Garage: No, 12 parking

MLS #

40742943

Size

10000 sqft

Basement

None

Listed on

Lot size

Tax

Days on Market

Year Built

1960

Maintenance Fee

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 1...2-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:10452)

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Full Property Details

Interior

Bedrooms

Washrooms

12.0

Square Footage

10000 sqft

Heating Source

Electric

Heating Type

Baseboard heaters

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

12.0

Square Footage

10000 sqft

Heating Source

Electric

Heating Type

Baseboard heaters

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Exterior

Acreage

0.437 ac|under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

Land Amenities

Public Transit

Acreage

0.437 ac|under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

Land Amenities

Public Transit

Building Description

Home Type

Apartment

Subtype

Multi Family

Year Built

1960

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Year Built

1960

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Area Code

Wasaga Beach

Features

School Bus

Area Code

Wasaga Beach

Features

School Bus

Anjali Harvie

Email: [email protected] Cell: (705) 896-5180