15 Lake N Dr, Georgina, Ontario L4P 1A1

  • $5,500,000
15 Lake N Dr, Georgina, Ontario L4P 1A1
Active
15 Lake N Dr, Georgina, Ontario L4P 1A1
  • $5,500,000

Overview

Property ID: N6152396
  • Commercial Sale, Business
  • Property Type
  • 18
  • Bathrooms
  • 0.98
  • Sqft

Description

The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land with 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, 2 Units Have Been Fully Updated, Work Has Started On Another 6 Units, New Drive Way & Parkings Being Paved. Panoramic View of Lake Simcoe, Over 90% Occupancy, Currently Tailored To Mostly Longer Term Guests, Minimum Turnover and Management. Proposed Keswick Secondary Plan Allows Commercial Uses Up To 8 Storey High. Value-Add Opportunities by Renovating the Remaining Units or Building New Units. Owner Willing To Stay On and Help With Transition.

  • Address 15 Lake N Dr
  • City Georgina
  • State/county Ontario
  • Zip/Postal Code L4P 1A1

Details

Updated on January 16, 2024 at 10:11 pm
  • Property ID: N6152396
  • Price: $5,500,000
  • Property Size: 0.98 Sqft
  • Bathrooms: 18
  • Garage Size: x x
  • Property Type: Commercial Sale, Business
  • Property Status: Active
  • MLS#: N6152396

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