This is your opportunity to purchase an amazing turn key single family home with tremendous potential only steps away (less than 1 minute) to Lake Simcoe. This property is perfect for investors looking for their next flip, BRRRR or Airbnb project with tons of cash flow and long-term buy and hold potential. The property has a larger lot than it’s comparable properties as well as much more potential with the basement height being well over 7ft and solid foundation throughout. If you’re looking for a property with instant upside, not a ton of renovations, and with amazing cash-flow potential, look no further than 23605 Lakeridge Road.
23605 Lakeridge Road N is on a very large 102.92ftx330ft lot, nearby a soccer field, park, boat launch, and steps away from beautiful Lake Simcoe. Within a 30-40 minute driving distance are two large cities- Newmarket and Uxbridge. Best of all, this property is only 1hour away from downtown Toronto! This property is located in an amazing Airbnb location with several fishing stores nearby, waterfront vies, and even motel/hotel accommodation nearby thus proving the concept of short term rentals around the vicinity. Golf courses, small restaurants, beaches etc. are all within your vicinity.
Comparables:There are not many comparables within the region. The subject property has the most amount of bedrooms, very large ceiling height, and largest lot size compared to comparables.
26042 Lakeridge Rd – $700,000 (Sold Nov 2021)
155 Clovelly Cove – $630,000 (Sold Nov 2021)
142 Clovelly Cove – $575,000 (Sold Aug 2021)
51 Clovelly Cove – $580,000 (Sold Aug 2021)
7 Corners Ave – $690,000 (Sold Feb 2021)