22985 Lakeridge Road

Brock (Cannington), Ontario L0E1E0

MLS # N13213088

$749,000

Property Details

Type

Detached

Beds

Baths

Status

For Sale

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About this property

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.

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Property taxes: about $667/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Living room	Ground level	3.5 x 6.9
Bedroom 2	Second level	5.2 x 4.4
Living room	Ground level	3.3 x 3.2
Bedroom	Ground level	3 x 4
Bedroom	Ground level	3.16 x 3.16
Kitchen	Ground level	3.3 x 3
Kitchen	Ground level	3.8 x 3
Kitchen	Second level	4.9 x 2.8
Living room	Second level	4.3 x 3.6
Bedroom	Second level	4.3 x 3.6
Bedroom 2	Second level	5.2 x 4.4
Kitchen	Second level	4.9 x 2.8
Living room	Second level	4.3 x 3.6
Bedroom	Second level	4.3 x 3.6