$729,000 Sale

Listed 1 hour

22985 LAKERIDGE ROAD

MLS® n14146886 House

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Beds · 7

Baths · 4.5

Parking · 23

Sqft · 3500 - 5000

Est. mortgage

$2,766/mo

Key Facts

Key facts for 22985 LAKERIDGE ROAD

Property Type

House

Parking

Garage: Yes, 23 parking

MLS #

N14146886

Size

3500 - 5000 sqft

Basement

None

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

This Powerhouse Investment At 22985 Lake Ridge Rd N In Brock Offers A Rare Combination Of Residential Income And Commercial Versatility On A Nearly Acre Lot. Centered Around A 5,000+ Sqft 2-Storey Block Building, The Property Features Five Distinct Rental Streams: A Ground-Floor Shop/Office With Tw...o Bay Doors, Three Apartments (Two Upper 2-Bedroom And One Ground Level 1-Bedroom), Plus A Separate 3-Bedroom Raised-Bungalow With Finished Walk-Out Basement. Zoned Hamlet Commercial (HC), The Potential Is Massive With Permitted Uses Including A Grocery Store, Medical Clinic, Restaurant (With Drive-In), Automotive Repair, Gas Bar, Hotel, And Retail Commercial Establishments. The Site Is Ideally Located On A Paved Road Just Off Hwy 48, Minutes From Lake Simcoe Beaches And Marinas, Providing High Visibility And Convenience. Practicality Meets Profit With 16+ Parking Spaces, All Units On Separate Meters (Tenants Pay Utilities), And A New Drilled Well And Septic System Installed In 2020. Whether You Operate A Laundromat, Post Office, Or Furniture Store, This Asset Has The Potential To Be A Revenue Engine. All Tenants Are Currently Month-To-Month, Offering Immediate Cash Flow With Future Flexibility For Any Savvy Investor Or Owner-User Looking To Capitalize On This Rural Commercial Hub. (id:10452)

Full Property Details

Interior

Bedrooms

Washrooms

4.5

Square Footage

3500 - 5000 sqft

Basement

None

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Flooring Type

Carpeted, Linoleum, Tile

Bedrooms

Washrooms

4.5

Square Footage

3500 - 5000 sqft

Basement

None

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Flooring Type

Carpeted, Linoleum, Tile

Exterior

Acreage

133.2 x 238.4 FT|1/2 - 1.99 acres

Parking Spaces

Garage Spaces Y/N

Yes

Zoning Description

Land Amenities

Golf Nearby, Marina, Schools

Acreage

133.2 x 238.4 FT|1/2 - 1.99 acres

Parking Spaces

Garage Spaces Y/N

Yes

Zoning Description

Land Amenities

Golf Nearby, Marina, Schools

Building Description

Home Type

House

Subtype

House

Exterior

Brick, Concrete Block

Sewers

Septic System

Water Supply

Drilled Well

Home Type

House

Subtype

House

Exterior

Brick, Concrete Block

Sewers

Septic System

Water Supply

Drilled Well

Community

Cannington

Area Code

Brock (Cannington)

Community

Cannington

Area Code

Brock (Cannington)

Room Types

Bedroom

Dimensions 3.16 m x 3.16 m

107.48 sqft

Bedroom

Dimensions 4.3 m x 3.6 m

166.63 sqft

Bedroom 2

Dimensions 5.2 m x 4.4 m

246.28 sqft

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