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Welcome to the Hollywood Cottages, Wasaga Beach, ... a great lifestyle business opportunity (you can earn enough income to work half the year) or it's a development opportunity for someone with a grand vision (of building executive townhomes or condos one day). It's a seasonal cottage court business with 95% occupancy and potential cash flow (6% - 7% CAP Rate depending on the model you choose) to carry itself through until one has Site Plan Approval for a future development. A tour of the property will give you a good idea of what’s possible on this strategically located site with 101 feet of river frontage on the Nottawasaga River. It’s located, directly across the street from Beach Area One and Beach Area Two and only a couple of minutes walk to downtown Wasaga Beach, where all the action is. The zoning is “Beach Mixed Use Hold (B2-H)” which means it’s suitable for triplexes, four-plexes or various types of townhouses or condos. There’s not only boat access at your back door but just across the street you have the longest sandy freshwater beach in the world! Right in front of the property you’ll find a beautiful provincial park that runs alongside the beach. You can't beat the location! It's simply the best for beach lovers, swimmers, sunbathers and boaters, not to mention those who love skiing and snow-boarding, as you are only a few minutes drive from the Collingwood ski hills and magical Blue Mountain Village. This cottage court has been getting rave reviews from Expedia, Trip Advisor and Booking.com. It’s comprised of 13 cottages and a main building where the owners/operators can live. Buy yourself a lifestyle business: work 3 to 6 months of the year and take the rest of the time off! Please visit our website for more details. (N.B. The vacant property right next door is also For Sale for $1,150,000 which doubles the lot size (to 0.8 acres) and doubles the waterfrontage to 200 feet on the Nottawasaga River. The resultant package price is $3,999,000.) (id:10452)
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Property Details
| Property Type | Other |
|---|---|
| Square Feet | |
| Maintenance | N/A |
| Days On Our Website | 264 |
| Basement | Partially finished - Partial (Partially finished) |
| Kitchens | |
| Lot Dimensions | 0.419 ac|under 1/2 acre |
| Pool | N/A |
| Area | Wasaga Beach |
| Air Conditioning | Central air conditioning, Ductless, Wall unit |
| Heating | Natural gas - Forced air, Heat Pump |
| Exterior | Concrete, Vinyl siding, Wood, Hardboard |
| Parking Spaces | 14 |
| Sewers | Municipal sewage system |
| Water | Municipal water |
| Waterfront | Waterfront on river |
Listing Office: RE/MAX Crosstown Realty Inc. Brokerage
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