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$4,950,000
Available - For Sale
Listing ID: S11993381
ATTENTION DEVELOPERS & INVESTORS!! This prime location presents and excellent opportunity for those with a solid vision of what the future has in store for Wasaga Beach, one of Ontario's fastest growing communities. This 1- 2/3 acre property is located on the north west corner of Mosley St and 45th St. N. one of the busiest intersections in town with over 300 ft. fronting on Mosley St. The other 3 corners of the intersection are commercially developed and have anchor tenants such as LCBO, SHOPPERS DRUG MART, TIM HORTONS, ESSO, REAL CANADIAN SUPERSTORE, CANADIAN TIRE, RE/MAX. STARBUCKS and HOME HARDWARE. The current population of 25,000 is predicted to increase to 50,000 over the next 25 years. This location is closest commercial hub to several active new home construction sites which are a short drive away. Current zoning offers several options, 4 to 5 story's offering commercial retail and professional office space or residential units. The existing business The Beacon Restaurant and Bar is a landmark of the community and has been operated by the same family for 75 years. The business is LCBO licenced for 190 inside and 48 on the patio. In addition to the restaurant bar income, 2 commercial and 6 residential rents generate additional income. Financials are available for Buyers considering operating the existing business. The owner will consider a development joint venture with a creditworthy applicant(s).
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $37,940 $75,880 $113,820 $151,760
First Mortgage $720,860 $682,920 $644,980 $607,040
CMHC/GE $19,823.65 $13,658.4 $11,287.15 $0
Total Financing $740,683.65 $696,578.4 $656,267.15 $607,040
Monthly P&I $3,172.29 $2,983.39 $2,810.74 $2,599.91
Expenses $0 $0 $0 $0
Total Payment $3,172.29 $2,983.39 $2,810.74 $2,599.91
Income Required $118,960.9 $111,877.17 $105,402.8 $97,496.45

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.
RE/MAX By The Bay Brokerage

146 45th Stre North , Wasaga Beach, L9Z 1Z2, Simcoe


 
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Wasaga Beach
Neighbourhood: Wasaga Beach
Style:
Lot Size: 200.00 x 310.00(Feet)
Approximate Age:
Tax: $27,025
Maintenance Fee: $0
Beds: 0
Baths: 10
Garage: 0
Fireplace: N
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