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Home ON Greater Barrie Innisfil
1370 KILLARNEY BEACH Road
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1370 KILLARNEY BEACH Road $3,599,999
21 hours ago
$3,599,999
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1370 KILLARNEY BEACH Road
Lefroy, Ontario L0L1W0

MLS® Number: 40685747

Listing 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 preliminary 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, whether expanding the existing rental portfolio or pursuing new development ventures. 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. Buyer encouraged to pursue CMHC lending opportunity through MLI Select product. *Complete iGuide interior virtual tour and building plans available by request.* (68430213)

Location Description

Yonge St/Hwy 11 to Killarney Beach Rd/4th Line

Property Summary

Property Type
Office
Storeys
2
Subdivision Name
IN34 - Lefroy
Title
Freehold
Land Size
0.789 ac|1/2 - 1.99 acres
Annual Property Taxes
$4,505
Time on REALTOR.ca
21 hours

Building

Interior Features
Basement Type
Partial
Utilities
Utility Sewer
Municipal sewage system
Water
Well

Measurements

Square Footage
6159 sqft
Exterior Building Size
6159 sqft

Land

Lot Features
Frontage
119 ft
Land Depth
267 ft
Other Property Information
Zoning Description
CG-34
Data provided by: Barrie & District Association of REALTORS® Inc. 676 Veterans Drive, Barrie, Ontario L9J 0H6
Joseph Madsen