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$ 2,199,999
Est. payment | /mo
11,646 SqFt
$ 2,199,999
Est. payment | /mo
11,646 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,646 sqft
Price per Sqft $188
Subdivision Wasaga Beach
MLS Listing ID S11944269
Annual Tax Amount $7,500
Tax Year 2024
Property Sub-Type Investment
Property Description
Nestled in a stunning riverside location, this beautifully situated 10-plex offers both charm and investment appeal. Each unit enjoys ample parking, while recent upgrades have enhanced the propertys rental potential. With a strong cap rate of 6% and an enticing Vendor Take Back (VTB) option for 1 year, this opportunity offers a remarkable 13.5% cash-on-cash return in the first year with just 15% down. To sweeten the deal, were offering up to 3 months of interest-free VTB to allow the new buyer to secure full tenancy. This is a rare chance to own a prime investment property with incredible upside. Reach out today for the full detailed packagedont miss out!
Location
Province ON
County Simcoe
Community Wasaga Beach
Area Simcoe
Zoning R1
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 50.0
Lot Depth 225.0
Listed by Platinum Lion Realty Inc
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