1370 Killarney Beach Rd - Apartments FOR SALE


Innisfil, ON L0L 1W0
$3,599,999 CAD
705-796-8371
1370 Killarney Beach Rd, Innisfil, ON for Sale
$3,599,999 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1370 Killarney Beach Rd
Innisfil, ON L0L 1W0


HIGHLIGHTS

  • High exposure location
  • Natural light exposure
  • Retail amenities nearby

OVERVIEW

Enter an exceptional investment opportunity located in the heart of Innisfil, one of Ontario's fastest-growing communities. This property offers a rare chance to establish a foothold in a burgeoning real estate market. Recently built, it features 7 residential units and 1 commercial unit, currently generating substantial rental income, making it a robust investment. Additionally, with preliminary municipal approval for an additional 12 units, the potential expands to a total of 20 units, poised for lucrative rental returns or development. Strategically positioned amidst Innisfil's expanding landscape, this property serves as a gateway for investors looking to capitalize on the town's thriving economy and growing population. Its prime location, just minutes from Barrie and less than an hour from Toronto, appeals to commuters and families alike, driving demand for high-quality housing options. The opportunity to add 12 more units opens doors to diverse possibilities, whether expanding the existing rental portfolio or pursuing new development ventures. Residents enjoy easy access to recreational activities such as boating, fishing, hiking, and golf, blending urban convenience with natural beauty. Backed by the municipality's proactive support for further development and infrastructure improvements including transportation upgrades and expanded commercial facilities investing in Innisfil promises not only immediate returns but also long-term appreciation and prosperity. Whether you're a seasoned investor seeking portfolio diversification or an astute entrepreneur with an eye for opportunity, this property offers an ideal platform to realize your vision and maximize returns in Innisfil's dynamic real estate market. Buyer encouraged to pursue CMHC lending opportunity through MLI Select product. *Complete iGuide interior virtual tour and building plans available by request.*

FOR SALE DETAILS

PRICE

$3,599,999 CAD

PRICE/SF

$546 CAD /SF

# OF UNITS

7

PRICE/UNIT

$514,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joseph MadsenRoyal LePage First Contact RealtyMore Info
705-796-8371

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Joseph MadsenRoyal LePage First Contact RealtyMore Info
705-796-8371

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.