$729,000

For saleJust listed

22985 Lakeridge Road, Brock (Cannington) - Single Family for Sale

22985 Lakeridge Road, Brock (Cannington), Ontario, L0E1E0

7 beds5 baths23 parking4,250 ft²133 × 238 ft (31,755 sq ft) lot sizeListed Today

Overview

This 7-bedroom, 5-bathroom home in Brock is for sale offering roughly 4,250 sq ft of space. Its $729,000 asking price sits right in line with the $729,000 median in Brock. It has been on the market 0 days, fresher than the Brock average of 64 days.

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Description

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:66096)

Property Details

MLS®: N14146886
Property Type: Single Family
Zoning: HC
Bedrooms: 7
Beds (above / below): 7 above · 0 below
Bathrooms: 5
Half Baths: 1
Parking: 23
Interior Size: 4,250 ft²
Lot Size: 133 × 238 ft (31,755 sq ft)
Frontage: 133 ft
Storeys: 2
Basement: None
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership

Rooms

Ground level

Living room: 3.5 x 6.9 meters
Living room: 3.3 x 3.2 meters
Bedroom: 3.16 x 3.16 meters
Kitchen: 3.3 x 3 meters
Bedroom: 3 x 4 meters
Kitchen: 3.8 x 3 meters

Second level

Bedroom 2: 5.2 x 4.4 meters
Kitchen: 4.9 x 2.8 meters
Living room: 4.3 x 3.6 meters
Bedroom: 4.3 x 3.6 meters

Features

Appliances: Water Heater
Flooring: Tile, Carpeted, Linoleum
Foundation: Wood, Block, Brick
Exterior: Brick, Concrete Block

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Brock (Cannington) listings, avg age

64d

Price / ft²

$172

List price

$729K

Haho

This 7-bed single family in Brock (Cannington) has been listed for 0 days, which is 64 days fresher than the city average of 64. Act while there is still low competition.

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Listed by LPT REALTY · JENNIFER JONES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0E)

This home lists at $729,000, about 8.1× the local median household income of $90,000.

Carrying it typically needs a household income of about $142,399 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.

Median household income: $90,000
Population: 21,898
Median age: 46.8
Owner / renter: 84% / 17%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L0E)

$729,000· $172/ft²

For sale

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Full Cost Breakdown

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Down Payment6.57% · $47,900

Min 6.57%50%

Mortgage payment$3,776/mo

↳ CMHC premium ($27,244 capitalized)

Property tax (est.)$667/mo

Total monthly$4,443

Cash Needed to Close

Down payment (6.57%)$47,900

Land transfer tax$11,055

Est. closing costs$4,687

Total cash needed$63,642

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