Single Family Home $ 829,000

22985 Lakeridge RD

Brock, ON L0E 1E0

  • 7 Beds
  • 5 Baths
  • 0.5 Lot Size
  • - Year Built
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.
Listed by LPT REALTY

PROPERTY DETAIL

  • Key Details

    Property Type Single Family Home

    Sub Type Detached

    Listing Status Active

    Purchase Type For Sale

    Approx. Sqft 3500-5000

    Subdivision Cannington

    MLS Listing ID N12810722

    Style 2-Storey

    Bedrooms 7

    Annual Tax Amount $8,006

    Tax Year 2025

    Lot Size 0.500 Acres

    Property Sub-Type Detached

  • Location

    Province ON

    County Durham

    Area Durham

    Zoning HC

  • Rooms

    Basement None

    Kitchen 4

  • Building

    Foundation Brick, Concrete Block, Wood

  • Interior

    Interior Features Water Heater

    Cooling None

    Fireplaces Type Natural Gas

    Inclusions Shop contents negotiable.

  • Exterior

    Parking Features Detached

    Garage Spaces 3.0

    Pool None

    Roof Type Asphalt Shingle,Flat

    Total Parking Spaces 23

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