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22985 Lakeridge Road, Brock, ON L0E 1E0

$729,000
: 7
BD
: 5
BA
: 3,500
SqFt

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List Price: $729,000
MLS#: N14146886
Status: ACTIVE
Type: Single Family Residential
SubType: Detached
Style: 2-Storey
Bedrooms: 7
Bathrooms: 5
Living Area: 3500-5000
Province: ON
Municipality: Brock
Area: Durham
Neighborhood: Cannington
Subdivision: Lakeridge Rd & Brock Concession Rd 14

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Property 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.

(416) 919-7107

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Additional Information

Taxes: $8,006
Water: Drilled Well
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Rooms: 7
Kitchens: 4
Exterior: Brick, Concrete Block
Garage Spaces: 3
Garage Type: Detached
Pool: None
Parking Spaces: 23
Parking Type: Private