169 MOSLEY Street Wasaga Beach, ON$2,999,000

#40287700

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About the Property

Welcome to the Hollywood Cottages, Wasaga Beach, ... a great lifestyle business opportunity (you can earn enough income to work half the year) or it's a development opportunity for someone with a grand vision (of building executive townhomes or condos one day). It's a seasonal cottage court business with 95% occupancy and good positive cash flow (5% - 6% CAP Rate depending on the model you choose) to carry itself through until one has Site Plan Approval for a future development. A tour of the property will give you a good idea of what’s possible on this strategically located site with 101 feet of river frontage on the Nottawasaga River. It’s located, directly across the street from Beach Area One and Beach Area Two and only a couple of minutes walk to downtown Wasaga Beach, where all the action is. The zoning is “Beach Mixed Use Hold (B2-H)” which means it’s suitable for triplexes, four-plexes or various types of townhouses or condos. There’s not only boat access at your back door but just across the street you have the longest sandy freshwater beach in the world! Right in front of the property you’ll find a beautiful provincial park that runs alongside the beach. You can't beat the location! It's simply the best for beach lovers, swimmers, sunbathers and boaters, not to mention those who love skiing and snow-boarding, as you are only a few minutes drive from the Collingwood ski hills and magical Blue Mountain Village. This cottage court has been getting rave reviews from Expedia, Trip Advisor and Booking.com. It’s comprised of 13 cottages and a main building where the owners/operators can live. Buy yourself a lifestyle business: work 3 to 6 months of the year and take the rest of the time off! Please visit our website for more details. (N.B. The vacant property right next door is also For Sale for $1,150,000 which doubles the lot size (to 0.8 acres) and doubles the waterfrontage to 200 feet on the Nottawasaga River. The resultant package price is $3,999,000.) (id:32937)

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Listing Agent

Ian Woods

Broker

(705) 720-6500

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Realtor.ca

Key Information

City: Wasaga Beach

Lot Size: 0.419 ac|under 1/2 acre

Build Year: 1960

Property

Property Type

Other

Ownership Type

Freehold

Land Size

0.419 ac|under 1/2 acre

Land Depth

188 ft

Community Features

High Traffic Area, Community Centre, School Bus

Features

Visual exposure, Park/reserve, Golf course/parkland, Beach, Paved driveway, Recreational, Sump Pump

Location

County Rd. 92 (River Rd. W.) to Main St. to Mosley St. just before 5th St. ... on your left.

Building

Basement Development

Partially finished

Basement Type

Partial (Partially finished)

Storeys

1

Exterior Finish

Concrete, Vinyl siding, Wood, Hardboard

Heating Type

Forced air, Heat Pump

Cooling Type

Central air conditioning, Ductless, Wall unit

Appliances Included

Water meter

Foundation Type

Block

Parking Space Total

14

Measurements

Additional Info

Business Name

Hollywood Cottages

Listing Contract Date

2022-07-04

Water Front Name

Nottawasaga River

Water Front Type

Waterfront on river

Zoning Description

B2-H & B2-FH

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