15 Lake Drive North, Georgina | Image 1

15 Lake Drive North

Georgina, Historic Lakeshore Communities

  • Commercial

$4,200,000
For Sale

Added 6 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: Tourist Commerci

  • Age: No Data

  • Taxes: 23000

  • MLS®#: N8310100

  • Days on Site: 134 Days

  • Added: May 06, 2024 (6 months ago)

  • Updated:

  • Last Checked: 5 hours ago

  • Listed By: ROYAL LEPAGE GOLDEN RIDGE REALTY

The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, New Drive Way & Parkings. Panoramic View of Lake Simcoe, Over 90% Occupancy, Stable 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.

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Investment

  • Property Type: Accommodation

  • Area: Georgina

  • Community: Historic Lakeshore Communities

  • Availability Date: TBA

Inside

  • Bathrooms: 18

  • Air Conditioning: Y

  • Washrooms: 18

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Baseboard

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: Lots 29 & 30 Plan 94 & Pt.Lt 2 Plan 315

  • Taxes: $23,000

  • Taxes Type: Annual

Land

  • Cross Street: Church St & Lake Dr

  • Municipality District: Georgina

  • Lot Depth: 268.17 Feet

  • Lot Frontage: 175.07 Feet

  • Lot Irregularities: Irregular

  • Zoning: Tourist Commerci

Commercial Specific

  • Retail Area Metric: %

  • Sprinklers: N

  • Total Area: 0.98

  • Total Area Metric: Acres

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Financial Statement: Y

Map of 15 Lake Drive North, Georgina
JK-8

Deer Park Public School

Elementary: Public
3.97 km
JK-6

St Thomas Aquinas Catholic Elementary School

Elementary: Catholic
0.73 km
JK-8

Keswick Public School

Elementary: Public
0.97 km
JK-8

Lakeside Public School

Elementary: Public
0.74 km
JK-8

W J Watson Public School

Elementary: Public
1.63 km
JK-8

R L Graham Public School

Elementary: Public
2.73 km
9-12

Bradford Campus

Secondary: Public
15.38 km
9-12

Our Lady of the Lake Catholic College High School

Secondary: Catholic
3.67 km
9-12

Sutton District High School

Secondary: Public
11.60 km
9-12

Keswick High School

Secondary: Public
2.90 km
9-12

Bradford District High School

Secondary: Public
16.45 km
9-12

Nantyr Shores Secondary School

Secondary: Public
9.09 km