Property Information:
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. (id:27)
Building Features:
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Style:
Detached
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Building Type:
House
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Amenities:
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Basement Type:
None
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Construction Style - Attachment:
Detached
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Exterior Finish:
Brick, Aluminum siding, Concrete Block
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Fireplace:
Yes
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Floor Space:
3500 - 5000 sqft
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Flooring Type:
Carpeted, Linoleum, Tile
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Foundation Type:
Block, Wood
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Heating Type:
Forced air
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Heating Fuel:
Natural gas
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Cooling Type:
None
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Appliances: