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®
N14146896
Property Type
Retail
Zoning
HC
Bathrooms
6
Parking
20
Lot Size
33,106 sq ft (0.76 ac)
Frontage
133 ft
Heating
Baseboard heaters, Forced air, Natural gas
Cooling
None
Garage
Other
Property Tax
$8,006.93/yr
Listed
Today
Services
Water
Drilled Well
Sewer
Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
0d
Brock listings, avg age
73d
List price
$729K
Just listed: 0 days on market, against an average age of 73 days across the listings currently for sale in this city
Market timing · days on market0 → 73d avg age of current listings
Just listed · day 0
Haho
This retail in Brock has been listed for 0 days, which is 73 days fresher than the city average of 73. Act while there is still low competition.
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
For sale
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