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$ 829,000
Est. payment /mo
Active
22985 Lakeridge RD Brock, ON L0E 1E0
7 Beds
5 Baths
0.5 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Cannington
MLS Listing ID N12810722
Style 2-Storey
Bedrooms 7
Annual Tax Amount $8,006
Tax Year 2025
Lot Size 0.500 Acres
Property Sub-Type Detached
Property Description
This powerhouse investment at 22985 Lake Ridge Road offers a rare combination of residential income and commercial versatility on a nearly a 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.
Location
State ON
County Durham
Area Durham
Zoning HC
Rooms
Basement None
Kitchen 4
Interior
Interior Features Water Heater
Cooling None
Fireplaces Type Natural Gas
Inclusions Shop contents negotiable.
Exterior
Parking Features Detached
Garage Spaces 3.0
Pool None
Roof Type Asphalt Shingle,Flat
Total Parking Spaces 23
Building
Foundation Brick, Concrete Block, Wood
Lited by LPT REALTY
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