22985 LAKERIDGE ROAD, Brock (Cannington)
7 BEDS · 5 BATHS · 3500 - 5000 sqft
$729,000
This Powerhouse Investment At 22985 Lake Ridge Rd N In Brock Offers A Rare Combination Of Residential Income And Commercial Versatility On A Nearly Acre Lot. Centered Around A 5,000+ Sqft 2-Storey Block Building, The Property Features Five Distinct Rental Streams: A Ground-Floor Shop/Office With Two Bay Doors, Three Apartments (Two Upper 2-Bedroom And One Ground Level 1-Bedroom), Plus A Separate 3-Bedroom Raised-Bungalow With Finished Walk-Out Basement. 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 On A Paved Road Just Off Hwy 48, Minutes From Lake Simcoe Beaches And Marinas, Providing High Visibility And Convenience. 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. Whether You Operate A Laundromat, Post Office, Or Furniture Store, 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.
General Info
| MLS Listing ID: N14146886 | Bedrooms: 7 | Bathrooms: 5 | Year Built: 0 |
| Listing Type: Single Family | Half Baths: 1 | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Brick, Block, Wood | Roof: N/A | Title To Land: Freehold | Parking Space Total: 23 |
| Parking: N/A | Heating: Forced air | Size: 3500 - 5000 sqft | Air Conditioning : None |
| Home Style: N/A | Finished Floor Area: Carpeted, Linoleum, Tile | Fireplaces: N/A | Basement: None |
| Water Supply: Drilled Well | Road Type: N/A | Pool Type: N/A |



























