670 River Road West

Property includes 19 motel units (currently long term rentals with regular turnover), a successful restaurant known as Wasaga Pizza, and 2 houses, one 3 bedroom 2 story house and a smaller cottage on a separate 60'x200' lot, all generating good rental income in rapidly growing prime development area of Wasaga Beach. Prime location at a major high traffic corner at the gateway to Wasaga Beach with many new developments in the immediate area. Great opportunity ready for redevelopment in DOWNTOWN GATEWAY DESIGNATION. Very broad Zoning permits many retail uses, mixed use, or residential up to 5.5 stories for 40 + towns/stacked towns. Steps from Walmart, Food Land, Tim Hortons and many more retail, beautiful new Wasaga library and arena office and many exciting and proposed hotel, commercial and multiple residential developments. At the gateway to the quant Stonebridge By The Bay residential development and Centerville development planned community. Close to public water access to Georgian Bay. Property includes 300 Zoo Park Road and 670 River Road West for a total of 1.5 acres with 200' frontage on River Road and 329' frontage on Zoo Park Road. Developers and Investors don't miss this great opportunity located at the Gateway to rapidly growing Wasaga Beach. Restaurant has a/c and gas heat, houses have gas heat, motel units have electric heat - restaurant and 300 Zoo Park pay utilities. (id:53889)