3071 Mosley Street

3071 Mosley Street
3071 Mosley Street
3071 Mosley Street
+7
15
 bed
12
 bath
12
 parking
19035
 sqft *
* This unit size is calculated from condos.ca data
$2,498,000
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$2,498,000
* This unit size is calculated from condos.ca data
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Size
19035 sqft
Lot size
1474.37 sqm
Street frontage
S
Possession
-
Price per sqm
$1,413
Taxes
$13,132.32 (2023)
Parking Type
-
Style
-
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Description
EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL! Welcome to 3071 Mosley Street. This property is located steps from the water and the new casino, making it an attractive investment. The property is situated on a corner lot with neighbouring vacant land earmarked for teardown and sale. Rezoned for medium density, it provides an opportunity for redevelopment in response to the area's high demand for residential spaces. With a solid cap rate of 5.75%, the property promises a lucrative investment. It comprises 9 single- and 3 double-bedroom units, all with kitchens (12), designed to generate steady rental income. There are no common areas, and tenants are responsible for their own utilities, which keeps operational costs low and maximizes profitability. A detailed profit/loss statement is available for potential buyers, providing insight into the property's financial performance. The property has undergone a seamless transformation from a motel to meet modern residential demands, with an old Phase 1 environmental report (2019) assuring its environmental integrity. The property features an impressive 147.30' frontage on a sizable 0.437-acre lot, offering plenty of space for expansion or additional amenities. Ample parking is available for residents and guests, enhancing its appeal and functionality. Whether you're an experienced investor looking to expand your portfolio or an entrepreneur seeking lucrative opportunities, this property provides an ideal platform for realizing your vision.
Broker: Re/Max Hallmark Peggy Hill Group Realty Brokerage
MLS®#: 40599900
Property details
Parking:
12
Parking type:
-
Property type:
-
Heating type:
Baseboard,
Style:
-
MLS Size:
929 sqm
Lot front:
44.81 M
Lot depth:
32.61 M
Listed on:
Jun 5, 2024
Show all details
Alex Moggy
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40599900
Listed by Re/Max Hallmark Peggy Hill Group Realty Brokerage

About 3071 Mosley Street

3071 Mosley Street is, near Mosley St and 57th St. It has been listed at $2498000 since June 2024. This condo has 15 beds, 12 bathrooms and is 19035 Squa.

For grabbing your groceries, Foodland is a 6-minute drive.

Getting around the area will require a vehicle, as there are no nearby transit stops.

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