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Type: Investment
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Property Type: Commercial
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Zoning: CG-34
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Age: No Data
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Taxes: 4505
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MLS®#: N11895941
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Added: Dec 18, 2024 (3 days ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: ROYAL LEPAGE FIRST CONTACT REALTY
Enter an exceptional investment opportunity located in the heart of Innisfil, one of Ontario's fastest-growing communities. This property offers a rare chance to establish a foothold in a burgeoning real estate market. Recently built, it features 7 residential units and 1 commercial unit, currently generating substantial rental income, making it a robust investment. Additionally, with preliminary municipal approval for an additional 12 units, the potential expands to a total of 20 units, poised for lucrative rental returns or development. Strategically positioned amidst Innisfil's expanding landscape, this property serves as a gateway for investors looking to capitalize on the town's thriving economy and growing population. Its prime location, just minutes from Barrie and less than an hour from Toronto, appeals to commuters and families alike, driving demand for high-quality housing options. The opportunity to add 12 more units opens doors to diverse possibilities, whether expanding the existing rental portfolio or pursuing new development ventures. Residents enjoy easy access to recreational activities such as boating, fishing, hiking, and golf, blending urban convenience with natural beauty. Backed by the municipality's proactive support for further development and infrastructure improvements including transportation upgrades and expanded commercial facilities investing in Innisfil promises not only immediate returns but also long-term appreciation and prosperity. Whether you're a seasoned investor seeking portfolio diversification or an astute entrepreneur with an eye for opportunity, this property offers an ideal platform to realize your vision and maximize returns in Innisfil's dynamic real estate market. Buyer encouraged to pursue CMHC lending opportunity through MLI Select product. *Complete iGuide interior virtual tour and building plans available by request.*
Property
Status: Sale
Property Type: Investment
Property Type: Apartment
Area: Innisfil
Community: Lefroy
Availability Date: Flexible
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Hot Water
Freestanding: Y
Water Supply: Well
Parking
Garage Type: Outside/Surface
Fees
Tax Year: 2023
Tax Legal Description: LT 34 PL 1363 ; INNISFIL
Taxes: $4,505
Taxes Type: Annual
Land
Cross Street: Killarney Beach Rd/2
Municipality District: Innisfil
Parcel Number: 580650293
Lot Depth: 266.81 Feet
Lot Frontage: 119.04 Feet
Lot Irregularities: 58.30'x119.04x266.81x
Zoning: CG-34
Additional Media
- Virtual Tour: https://youtu.be/nDTzTUlkY8I
Commercial Specific
Total Area: 6159
Total Area Metric: Sq Ft
Lot Code: Building
Lake Simcoe Public School
Elementary: PublicInnisfil Central Public School
Elementary: PublicKillarney Beach Public School
Elementary: PublicSt Francis of Assisi Elementary School
Elementary: CatholicHoly Cross Catholic School
Elementary: CatholicAlcona Glen Elementary School
Elementary: PublicBradford Campus
Secondary: PublicOur Lady of the Lake Catholic College High School
Secondary: CatholicKeswick High School
Secondary: PublicBradford District High School
Secondary: PublicSt Peter's Secondary School
Secondary: CatholicNantyr Shores Secondary School
Secondary: Public