3071 Mosley St
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3071 Mosley St
12 Unit Apartment Building $1,493,174 USD ($124,431 USD/Unit) 6.75% Cap Rate Wasaga Beach, ON L9Z 1W7
Executive Summary
EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL! Welcome to 3071 Mosley Street. This property is located steps from the water and the new casino, making it an attractive investment. The property is situated on a corner lot with neighbouring vacant land earmarked for teardown and sale. Rezoned for medium density, it provides an opportunity for redevelopment in response to the area's high demand for residential spaces. With a solid cap rate of 6.75%, the property promises a lucrative investment. It comprises 9 single- and 3 double-bedroom units, all with kitchens (12), designed to generate steady rental income. There are no common areas, and tenants are responsible for their own utilities, which keeps operational costs low and maximizes profitability. A detailed profit/loss statement is available for potential buyers, providing insight into the property's financial performance. The property has undergone a seamless transformation from a motel to meet modern residential demands, with an old Phase 1 environmental report (2019) assuring its environmental integrity. The property features an impressive 147.30' frontage on a sizable 0.437-acre lot, offering plenty of space for expansion or additional amenities. Ample parking is available for residents and guests, enhancing its appeal and functionality. Whether you're an experienced investor looking to expand your portfolio or an entrepreneur seeking lucrative opportunities, this property provides an ideal platform for realizing your vision.
No agent. Direct buyers only.
For more information contact:
Anthony Spano, BComm
Salesperson
647-921-8050
Anthony@tylermclay.com
Royal LePage Your Community Realty, Brokerage
with
Listing Brokerage
Re/Max Hallmark Peggy Hill Group Realty Brokerage
TODD PIIRTO, Salesperson
No agent. Direct buyers only.
For more information contact:
Anthony Spano, BComm
Salesperson
647-921-8050
Anthony@tylermclay.com
Royal LePage Your Community Realty, Brokerage
with
Listing Brokerage
Re/Max Hallmark Peggy Hill Group Realty Brokerage
TODD PIIRTO, Salesperson
Property Facts
| Price | $1,493,174 USD | Apartment Style | Low Rise |
| Price Per Unit | $124,431 USD | Building Class | C |
| Sale Type | Investment | Building Size | 9,717 SF |
| Cap Rate | 6.75% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment |
| Price | $1,493,174 USD |
| Price Per Unit | $124,431 USD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 9,717 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 3 | - | - |
1 of 1
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Peggy Hill -
Todd Piirto -
RE/MAX Hallmark Peggy Hill Group Realty
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3071 Mosley St
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