$ 3,999,999
1370 Killarney Beach Road Lefroy, ON L0L 1W0
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Joseph Madsen • Royal LePage First Contact Realty Brokerage
$ 3,999,999
Est. payment /mo
Active
1370 Killarney Beach Road Lefroy, ON L0L 1W0
6,159 SqFt
UPDATED:
10/12/2024 07:37 PM
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,159 sqft
Price per Sqft $649
MLS Listing ID 40617758
Abv Grd Liv Area 6,159
Originating Board Barrie
Annual Tax Amount $4,505
Lot Size 0.789 Acres
Acres 0.789
Property Description
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 pending 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. Furthermore, proximity to a wealth of amenities from picturesque parks and lakeshores to vibrant shopping hubs and top-rated schools enhances its desirability. 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. iGuide tour and building plans available by request. Buyer encouraged to pursue CMHC lending opportunity through MLI Select product.
Location
Province ON
County Simcoe County
Area Innisfil
Zoning CG-34
Direction Yonge St/Hwy 11 to Killarney Beach Rd/4th Line
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Waterfront No
Lot Frontage 119.04
Lot Depth 266.81
Garage No
Building
Lot Description Other
Faces Yonge St/Hwy 11 to Killarney Beach Rd/4th Line
Story 2
Sewer Sewer (Municipal)
Water Well
New Construction No
Others
Senior Community No
Tax ID 580650293
Ownership Freehold/None
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