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$829,000
Available - For Sale
Listing ID: N12810722
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.
Price $829,000
Taxes: $8,006.93
Occupancy by: Owner+T
Address: 22985 Lakeridge Road , Brock, L0E 1E0, Durham
Acreage: .50-1.99
Directions/Cross Streets: Lakeridge Rd & Brock Concession Rd 14
Rooms: 15
Bedrooms: 7
Bedrooms +: 0
Washrooms: 5
Family Room: F
Basement: None
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Ground Living Ro 11.48 22.63 Large Window, Broadloom
Room 2: Ground Bedroom 9.84 13.12 Window, Broadloom, Closet
Room 3: Ground Kitchen 12.46 9.84 Window, Tile Floor, Eat-in Kitchen
Room 4: Second Kitchen 16.07 9.18 W/O To Deck, Linoleum, Eat-in Kitchen
Room 5: Second Living Ro 14.10 11.81 Large Window, Broadloom
Room 6: Second Bedroom 14.10 11.81 Window, Broadloom, Closet
Room 7: Second Bedroom 2 17.06 14.43 Window, Broadloom, Closet
Room 8: Second Kitchen 16.07 9.18 W/O To Deck, Linoleum, Eat-in Kitchen
Room 9: Second Living Ro 14.10 11.81 Large Window, Broadloom
Room 10: Second Bedroom 14.10 11.81 Large Window, Broadloom, Closet
Room 11: Second Bedroom 2 17.06 14.43 Large Window, Broadloom, Closet
Room 12: Ground Living Ro 10.82 10.50 Fireplace, W/O To Yard
Room 13: Ground Bedroom 10.36 10.36 Window
Room 14: Ground Kitchen 10.82 9.84 Overlooks Frontyard, Linoleum, Eat-in Kitchen
No. of Pieces Level
Washroom 1:  4 Ground
Washroom 2:  4 Second
Washroom 3:  4 Second
Washroom 4:  4 Second
Washroom 5:  2 Ground
Washroom 6:  4 Ground
Washroom 7:  4 Second
Washroom 8:  4 Second
Washroom 9:  4 Second
Washroom 10:  2 Ground
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Concrete Block
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 20
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Other Structures: Aux Residences
Approximatly Square Footage: 3500-5000
Property Features: Golf
Lake/Pond
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Septic
Water: Drilled W
Water Supply Types: Drilled Well
Utilities-Cable: A
Utilities-Hydro: Y
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LPT REALTY

22985 Lakeridge Road , Brock, L0E 1E0, Durham

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Detached
Area: Durham
Municipality: Brock
Neighbourhood: Cannington
Style: 2-Storey
Lot Size: x 238.42(Feet)
Approximate Age:
Tax: $8,006.93
Maintenance Fee: $0
Beds: 7
Baths: 5
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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