1370 KILLARNEY BEACH ROAD

$2,999,999

Lefroy, Innisfil, Ontario

  • 6,159 square feet
Commercial · Multi-familyType
Hot water radiator heat, Natural gasHeating
Fully air conditionedCooling
207Days on market
$487 / sqftPrice / sqft

About this property

Enter an exceptional investment opportunity located in the heart of Innisfil, one of Ontario’s fastest-growing communities. This property offers a rare chance to establish a foothold in a burgeoning real estate market. Recently built, it features 7 residential units and 1 commercial unit, currently generating substantial rental income, making it a robust investment. Additionally, with preliminary municipal approval for an additional 12 units, the potential expands to a total of 20 units, poised for lucrative rental returns or development. Strategically positioned amidst Innisfil’s expanding landscape, this property serves as a gateway for investors looking to capitalize on the town’s thriving economy and growing population. Its prime location, just minutes from Barrie and less than an hour from Toronto, appeals to commuters and families alike, driving demand for high-quality housing options. The opportunity to add 12 more units opens doors to diverse possibilities, whether expanding the existing rental portfolio or pursuing new development ventures. Residents enjoy easy access to recreational activities such as boating, fishing, hiking, and golf, blending urban convenience with natural beauty. Backed by the municipality’s proactive support for further development and infrastructure improvements including transportation upgrades and expanded commercial facilities investing in Innisfil promises not only immediate returns but also long-term appreciation and prosperity. Whether you’re a seasoned investor seeking portfolio diversification or an astute entrepreneur with an eye for opportunity, this property offers an ideal platform to realize your vision and maximize returns in Innisfil’s dynamic real estate market. Buyer encouraged to pursue CMHC lending opportunity through MLI Select product. (id:45603)

Property details

Interior

Living area
6,159 square feet
Building area
6159

Exterior & parking

Structure type
Multi-Family
Architectural style
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Lot size
Bldg=119.04 x 266.81 FT ; 58.30'x119.04x266.81x127.67x206.23x21.25

Building & HOA

Heating
Hot water radiator heat, Natural gas
Cooling
Fully air conditioned

Financial & legal

List price
$2,999,999
Price / sqft
$487 / sqft
Annual taxes
$10,208
Status
Active
MLS® number
N12754454

Location

City
Innisfil
Neighbourhood
Lefroy
Province
Ontario
Postal code
L0L1W0
Directions
Cross Streets: Killarney Beach Rd/20th Sideroad. ** Directions: Yonge st to Killarney Beach Rd.

Mortgage calculator

estimated / month

Estimate only — excludes taxes, insurance and CMHC. Contact us for a real quote.

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).