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. (id:15069)
| MLS® Number | N12810722 |
| Property Type | Single Family |
| Community Name | Cannington |
| Amenities Near By | Golf Nearby, Marina, Schools |
| Equipment Type | None |
| Parking Space Total | 23 |
| Rental Equipment Type | None |
| 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 Ft2 |
| 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 | 3.16 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 | Bedroom | 3 m | 4 m | 3 m x 4 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/29387912/22985-lakeridge-road-brock-cannington-cannington
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