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 todays 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 teardown and 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:50886)
Property Details
| MLS® Number | S12230726 |
| Property Type | Multi-family |
| Community Name | Wasaga Beach |
| Amenities Near By | Beach, Public Transit |
| Community Features | School Bus |
| Features | Irregular Lot Size |
| Parking Space Total | 12 |
Building
| Bathroom Total | 12 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 12 |
| Age | 51 To 99 Years |
| Appliances | Two Stoves, Two Refrigerators |
| Exterior Finish | Wood |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Beach, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 107 Ft ,8 In |
| Size Frontage | 147 Ft ,3 In |
| Size Irregular | 147.3 X 107.7 Ft ; 0.437 Acres |
| Size Total Text | 147.3 X 107.7 Ft ; 0.437 Acres|under 1/2 Acre |
| Surface Water | Lake/pond |
| Zoning Description | R4 |
Utilities
| Cable | Available |
https://www.realtor.ca/real-estate/28489359/3071-mosley-street-wasaga-beach-wasaga-beach
Contact Us
Contact us for more information
Peggy Hill
Broker
peggyhill.com/
374 Huronia Road #101, 106415 & 106419
Barrie, Ontario L4N 8Y9
(705) 739-4455
(866) 919-5276
www.peggyhill.com/
Todd Piirto
Salesperson
374 Huronia Road #101, 106415 & 106419
Barrie, Ontario L4N 8Y9
(705) 739-4455
(866) 919-5276
www.peggyhill.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 19 2025 09:43:05
Toronto Regional Real Estate Board
RE/MAX Hallmark Peggy Hill Group Realty