Team Torkan
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Cannington · Brock · For sale

22985 Lakeridge Road

$729,000

Listing courtesy of LPT REALTY · TRREB

Type
Detached
Bedrooms
7
Bathrooms
5
Interior
4,250 sq ft
Lot
133.2 × 238.42 ft · 31,758 sq ft
Parking
23 spaces · 3 garage · Detached
Taxes
$8,007 / year
MLS® number
N14146886
About this home

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 Two 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.

Location · L0E 1E0

Listing courtesy of LPT REALTY · TRREB

Listing data provided by the Toronto Regional Real Estate Board (TRREB). Information is deemed reliable but not guaranteed accurate by TRREB. REALTOR®, MLS® and associated logos are trademarks of CREA.