381 Mosley Street, Wasaga Beach, ON L9Z 2J8

Welcome to the former Dyconia Resort Cottages a great opportunity for someone with a big vision.This property was once one of the most popular spots in Wasaga Beach for young adults on summer weekends. Today, it waits for its next owner and makeover with with 22/38 units occupied and enough income to support itself while you work on getting Site Plan Approval. $240,000 gross tenant income, with $26,268 additional income from a Bell tower on site. The site covers 2.84 acres with 425 feet of river frontage on the Nottawasaga River. Its directly across the street from Beach Area Two, just a short 900 foot walk to the exciting upcoming redevelopment of Beach One making this location even more attractive for future growth.Theres huge potential here for future development along the 425 feet of river frontage and enjoy Canadas best sandy freshwater beach right across the street. Theres also space to add a high-end restaurant, nightclub, or a private pool and spa the options are wide open.This location is perfect for boaters, beachgoers, fishing enthusiasts, and just minutes away from skiing, snowboarding, and fine dining at Blue Mountain Village.The property includes 12 buildings: 3 one-storey cabins and 9 two- and three-storey walk-ups, with 38 units. While the former pool and riverfront docks are no longer in use, the site offers excellent redevelopment possibilities. Contact listing brokerage for more information on this outstanding opportunity to redevelop this site along with the new mixed-use development on Wasaga’s beachfront. Learn more using this link. !https://www.wasagabeach.com/en/news/vision-unveiled-for-new-mixed-use-development-on-wasaga-beach-s-iconic-beachfront.aspx

Details

MLS® Number
S12135146

Property Size
2.84 Sqft