$829,000
Available - For Sale
Listing ID: N12810744
22985 Lakeridge Road , Brock, L0E 1E0, Durham
| This powerhouse investment at 22985 Lake Ridge Road offers a rare combination of residential income and commercial versatility on a nearly a 0.75 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. |
| Price | $829,000 |
| Taxes: | $8006.93 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 22985 Lakeridge Road , Brock, L0E 1E0, Durham |
| Postal Code: | L0E 1E0 |
| Province/State: | Durham |
| Legal Description: | PT LT 1, CON 13 BROCK ; PARTS 1 & 3, 40R |
| Directions/Cross Streets: | Lakeridge Rd & Brock Concession Rd 14 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 0.76 |
| Total Area Code: | Acres |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Sprinklers: | No |
| Washrooms: | 6 |
| Rail: | N |
| Clear Height Feet: | 9 |
| Drive-In Level Shipping Doors #: | 2 |
| Height Feet: | 9 |
| Width Feet: | 8 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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| LPT REALTY |
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Sachi Patel
Broker
Dir:
647-702-7117
Bus:
6477027117
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Durham |
| Municipality: | Brock |
| Neighbourhood: | Rural Brock |
| Tax: | $8,006.93 |
| Baths: | 6 |
| Fireplace: | N |
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