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This Powerhouse Investment At 22985 Lake Ridge Rd N In Brock Offers A Rare Combination Of Residential Income And Commercial Versatility On A Nearly Acre Lot. Centered Around A 5,000+ Sqft 2-Storey Block Building, The Property Features Five Distinct Rental Streams: A Ground-Floor Shop/Office With Two Bay Doors, Three Apartments (Two Upper 2-Bedroom And One Ground Level 1-Bedroom), Plus A Separate 3-Bedroom Raised-Bungalow With Finished Walk-Out Basement. 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 On A Paved Road Just Off Hwy 48, Minutes From Lake Simcoe Beaches And Marinas, Providing High Visibility And Convenience. 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. Whether You Operate A Laundromat, Post Office, Or Furniture Store, 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. (id:50638)
| MLS® Number | N13213088 |
| Property Type | Single Family |
| Community Name | Cannington |
| Amenities Near By | Golf Nearby, Marina, Schools |
| Parking Space Total | 23 |
| Structure | Shed |
| Bathroom Total | 5 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Amenities | Fireplace(s) |
| Appliances | Water Heater |
| Basement Type | None |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Concrete Block |
| Fireplace Present | Yes |
| Flooring Type | Carpeted, Linoleum, Tile |
| Foundation Type | Brick, Block, Wood |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | House |
| Utility Water | Drilled Well |
| Detached Garage | |
| Garage |
| Acreage | No |
| Land Amenities | Golf Nearby, Marina, Schools |
| Sewer | Septic System |
| Size Depth | 238 Ft ,4 In |
| Size Frontage | 133 Ft ,2 In |
| Size Irregular | 133.2 X 238.4 Ft |
| Size Total Text | 133.2 X 238.4 Ft|1/2 - 1.99 Acres |
| Surface Water | Lake/pond |
| Zoning Description | Hc |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 2 | 5.2 m | 4.4 m | 5.2 m x 4.4 m |
| Second Level | Kitchen | 4.9 m | 2.8 m | 4.9 m x 2.8 m |
| Second Level | Living Room | 4.3 m | 3.6 m | 4.3 m x 3.6 m |
| Second Level | Bedroom | 4.3 m | 3.6 m | 4.3 m x 3.6 m |
| Second Level | Bedroom 2 | 5.2 m | 4.4 m | 5.2 m x 4.4 m |
| Second Level | Kitchen | 4.9 m | 2.8 m | 4.9 m x 2.8 m |
| Second Level | Living Room | 4.3 m | 3.6 m | 4.3 m x 3.6 m |
| Second Level | Bedroom | 4.3 m | 3.6 m | 4.3 m x 3.6 m |
| Ground Level | Living Room | 3.5 m | 6.9 m | 3.5 m x 6.9 m |
| Ground Level | Living Room | 3.3 m | 3.2 m | 3.3 m x 3.2 m |
| Ground Level | Bedroom | 3 m | 4 m | 3 m x 4 m |
| Ground Level | Bedroom | 3.16 m | 3.16 m | 3.16 m x 3.16 m |
| Ground Level | Kitchen | 3.3 m | 3 m | 3.3 m x 3 m |
| Ground Level | Kitchen | 3.8 m | 3 m | 3.8 m x 3 m |
| Cable | Available |
| Electricity | Installed |
https://www.realtor.ca/real-estate/29823868/22985-lakeridge-road-brock-cannington-cannington
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