15 Lake Drive North, Georgina (Historic Lakeshore Communities) - Business for Sale
15 Lake Drive North, Georgina (Historic Lakeshore Communities), Ontario, L4P1A1
Description
19 Units Motel On Almost an Acre of Land. Nine 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, Others with Kitchenette, New Drive Way & Parkings. Panoramic View of Lake Simcoe. 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. (id:66096)
Property Details
- MLS®
- N12920660
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- Tourist Commercial
- Bathrooms
- 19
- Lot Size
- 37,026 sq ft (0.85 ac)
- Frontage
- 175 ft
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
- Property Tax
- $24,000/yr
- Listed
- 224 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 224 days on market, against an average age of 88 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Georgina (Historic Lakeshore Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L4P)
This home lists at $3,200,000, about 31.4× the local median household income of $102,000.
Carrying it typically needs a household income of about $625,072 (20% down, 25-yr amortization, stress-tested) — roughly 513% above the area median.
- Median household income
- $102,000
- Population
- 29,861
- Median age
- 40.4
- Owner / renter
- 80% / 20%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA L4P)
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$3,200,000
Georgina