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$5,000,000
Available - For Sale
Listing ID: S11909233
Location, Location, Location! Situated at the gateway to the north, this 53-acre property backs onto the Hwy 400 merge/split and fronts Hwy 93, offering unbeatable exposure. Just 500m from Georgian Drive, with quick access to RVH & Georgian College, this property is primed for success. An incredible investment opportunity for development or the perfect place to relocate your business, this property has the potential for over $1 million in sales from five core businesses, operating successfully for 25+ years. Revenue streams include a 9-hole golf course with pristine greens and stunning views, a 9000 sq. ft. clubhouse with turf garages, a practice driving range, a modern bistro restaurant, a grand ballroom and seasonal venue room, and four fully furnished rental suites that can generate over $4,000 in monthly revenue. Beyond its current operations, the property offers exciting development potential with 10 acres for expansion. The current zoning also allows the clubhouse expansion of a hotel with 40+ rooms for accommodation. With the City of Barrie expanding its boundaries, this property is poised to fall within city limits, unlocking unparalleled future growth potential. The current owner is retiring and willing to provide training. Don't miss this rare opportunity to own a prime piece of land with unlimited potential!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $749,750 $1,499,500 $2,249,250 $2,999,000
First Mortgage $14,245,250 $13,495,500 $12,745,750 $11,996,000
CMHC/GE $391,744.38 $269,910 $223,050.63 $0
Total Financing $14,636,994.38 $13,765,410 $12,968,800.63 $11,996,000
Monthly P&I $62,689.11 $58,956.18 $55,544.37 $51,377.94
Expenses $0 $0 $0 $0
Total Payment $62,689.11 $58,956.18 $55,544.37 $51,377.94
Income Required $2,350,841.71 $2,210,856.89 $2,082,913.79 $1,926,672.68

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX WEST REALTY INC.

424 Penetanguishene Rd , Springwater, L4K 4Y8, Ontario

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Maria Tompson
Sales Representative
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416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Com - Land
Area: Simcoe
Municipality: Springwater
Neighbourhood: Centre Vespra
Style:
Lot Size: 662.47 x 1432.19(Acres)
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Tax: $4,500
Maintenance Fee: $0
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