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$4,200,000
Available - For Sale
Listing ID: N11938546
15 Lake Dr North , Georgina, L4P 1A1, Ontario
The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. Nine 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, Others with Kitchenette, New Drive Way & Parkings. Panoramic View of Lake Simcoe, Over 90% Occupancy, Stable Longer Term Guests, Minimum Turnover and Management. Proposed Keswick Secondary Plan Allows Commercial Uses Up To 8 Storey High. Value-Add Opportunities by Renovating the Remaining Units or Building New Units. Owner Willing To Stay On and Help With Transition.
Price $4,200,000
Taxes: $23,000
Tax Type: Annual
Occupancy by: Owner
Address: 15 Lake Dr North , Georgina, L4P 1A1, Ontario
Postal Code: L4P 1A1
Province/State: Ontario
Legal Description: Lots 29 & 30 Plan 94 & Pt.Lt 2 Plan 315
Lot Size: 175.07 x 268.17 (Feet)
Directions/Cross Streets: Church St & Lake Dr North
Zoning: Tourist Commerci
Category: Accommodation
Use: Hotel/Motel/Inn
Building Percentage: Y
Total Area: .98
Total Area Code:  Acres
Retail Area: 0
Retail Area Code: %
Franchise: N
Sprinklers: N
Heat Type: Baseboard
Central Air Conditioning: Y
Elevator Lift: None
Water: Municipal
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Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE GOLDEN RIDGE REALTY

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