3071 Mosley Street Wasaga Beach, Ontario L9Z 1W7

$1,890,000

A prime opportunity for investors and developers in the heart of Wasaga Beach. Steps from the shoreline and minutes from the new casino, this 12-unit property combines stable income with strong redevelopment potential. Situated on a 0.437-acre corner lot with 147 feet of frontage, the site is surrounded by properties slated for growth and has been rezoned for medium-density residential use, making it ideal for expansion. Configured as nine one-bedroom and three two-bedroom units, all separately metered with no common areas, the property offers low operating costs. Originally a converted motel, it has been well maintained. Ample on-site parking adds convenience. A vacant CL-zoned corner lot directly beside the property (approximately 143 ft x 103 ft) underscores the area's commercial versatility and future development potential, adding to the long-term value of this location. Whether held as a turnkey income asset or redeveloped to meet rising housing demand, 3071 Mosley Street stands as a rare opportunity in one of Wasaga Beach's most promising corridors. (id:60365)

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https://www.realtor.ca/real-estate/29131299/3071-mosley-street-wasaga-beach-wasaga-beach