Single Family Home $ 749,000

22985 Lakeridge RD

Brock, ON L0E 1E0

  • 7 Beds
  • 5 Baths
  • 0.5 Lot Size
  • - Year Built
This Powerhouse Investment At 22985 Lake Ridge 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.
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 N13213088

    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

  • Exterior

    Parking Features Detached

    Garage Spaces 3.0

    Pool None

    Roof Type Asphalt Shingle,Flat

    Total Parking Spaces 23

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