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$829,000
Available - For Sale
Listing ID: N12810744
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: $8,006.93
Tax Type: Annual
Occupancy by: 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
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 0
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Washroom 31 0
Washroom 32 0
Washroom 33 0
Washroom 34 0
Washroom 35 0
Washroom 36 0
Washroom 37 0
Washroom 38 0
Washroom 39 0
Washroom 40 0
Category: Multi-Use
Use: Other
Building Percentage: T
Total Area: .76
Total Area Code:  Acres
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Maintenance: 0
Sprinklers: No
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

22985 Lakeridge Road , Brock, L0E 1E0, Durham

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Maria Tompson
Sales Representative
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At a Glance:
Type: Com - Commercial Retail
Area: Durham
Municipality: Brock
Neighbourhood: Rural Brock
Style:
Lot Size: x 238.42(Feet)
Approximate Age:
Tax: $8,006.93
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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