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Home ON Brock
22985 LAKERIDGE ROAD
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22985 LAKERIDGE ROAD $829,000
4 days ago
$829,000
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22985 LAKERIDGE ROAD
Brock (Cannington), Ontario L0E1E0

MLS® Number: N12810722
7
Bedrooms
5
Bathrooms
3500 - 5000
Square Feet

Listing Description

This powerhouse investment at 22985 Lake Ridge Road offers a rare combination of residential income and commercial versatility on a nearly a acre lot with two frontages. Bordering Georgina and Brock, the property features five distinct rental streams: a 1000sqft shop/office with two bay doors, three apartments (two upper 2-bedroom and one ground level 1-bedroom), plus a separate 2-bedroom raised bungalow. 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 just off the highly visible and accessible Highway 48, and minutes from Lake Simcoe beaches and marinas. 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. 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. (42198634)

Location Description

Lakeridge Rd & Brock Concession Rd 14

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
3500 - 5000 sqft
Community Name
Cannington
Title
Freehold
Land Size
133.2 x 238.4 FT|1/2 - 1.99 acres
Annual Property Taxes
$8,006.93
Parking Type
Detached Garage, Garage
Time on REALTOR.ca
4 days

Building

Bedrooms
Above Grade
7
Bathrooms
Total
5
Partial
1
Interior Features
Appliances Included
Water Heater
Flooring
Carpeted, Linoleum, Tile
Basement Type
None
Building Features
Foundation Type
Brick, Block, Wood
Style
Detached
Building Amenities
Fireplace(s)
Rental Equipment
None
Structures
Shed
Heating & Cooling
Cooling
None
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Available), Electricity (Installed)
Utility Sewer
Septic System
Water
Drilled Well
Exterior Features
Exterior Finish
Brick, Concrete Block
Neighbourhood Features
Amenities Nearby
Golf Nearby, Marina, Schools
Parking
Parking Type
Detached Garage, Garage
Total Parking Spaces
23

Measurements

Square Footage
3500 - 5000 sqft

Rooms

MetricImperial
Second level
Bedroom 2
Kitchen
Living room
Bedroom
Bedroom 2
Kitchen
Living room
Bedroom
Ground level
Living room
Living room
Bedroom
Kitchen
Bedroom
Kitchen

Land

Lot Features
Frontage
133 ft ,2 in
Land Depth
238 ft ,4 in
Other Property Information
Zoning Description
HC
Waterfront Features
Surface Water
Lake/Pond
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