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Ruth Pedrosa

ruth@rpdrealestate.com +1(416) 998-5478

$ 829,000

Est. payment | -/mo

7 Beds

5 Baths

Save

$ 829,000

Est. payment | -/mo

Save

7 Beds

5 Baths

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

Property Sub-Type Detached

Property Description

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.

Location

Province ON

County Durham

Area Durham

Rooms

Family Room No

Basement None

Kitchen 4

Interior

Interior Features Water Heater

Heating Yes

Cooling None

Fireplaces Type Natural Gas

Fireplace Yes

Heat Source Gas

Exterior

Parking Features Private

Garage Spaces 3.0

Pool None

Roof Type Asphalt Shingle,Flat

Lot Frontage 133.2

Lot Depth 238.42

Total Parking Spaces 23

Building

Unit Features Golf,Lake/Pond,Marina,River/Stream,School

Foundation Brick, Concrete Block, Wood

Others

ParcelsYN No

Listed by LPT REALTY

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 998-5478

ruth@rpdrealestate.com

22985 Lakeridge RD Brock, ON L0E 1E0

Ruth Pedrosa

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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22985 Lakeridge RD