This Powerhouse Investment At 22985 Lake Ridge Rd N In Brock Offers A Rare Combination Of Residential Income And Commercial Versatility On A Nearly Acre Lot. Centered Around A 5,000+ Sqft 2-Storey Block Building, The Property Features Five Distinct Rental Streams: A Ground-Floor Shop/Office With Two Bay Doors, Three Apartments (Two Upper 2-Bedroom And One Ground Level 1-Bedroom), Plus A Separate 3-Bedroom Raised-Bungalow With Finished Walk-Out Basement. Zoned Hamlet Commercial (HC), The Potential Is Massive With Permitted Uses Including A Grocery Store, Medical Clinic, Restaurant (With Drive-In), Automotive Repair, Gas Bar, Hotel, And Retail Commercial Establishments. The Site Is Ideally Located On A Paved Road Just Off Hwy 48, Minutes From Lake Simcoe Beaches And Marinas, Providing High Visibility And Convenience. Practicality Meets Profit With 16+ Parking Spaces, All Units On Separate Meters (Tenants Pay Utilities), And A New Drilled Well And Septic System Installed In 2020. Whether You Operate A Laundromat, Post Office, Or Furniture Store, This Asset Has The Potential To Be A Revenue Engine. All Tenants Are Currently Month-To-Month, Offering Immediate Cash Flow With Future Flexibility For Any Savvy Investor Or Owner-User Looking To Capitalize On This Rural Commercial Hub.
Address
22985 Lakeridge Road
List Price
$749,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Brock
Sub-Area
Cannington
Region
Durham
Bedrooms
7
Bedrooms (Total)
7
Rooms Above Grade
15
Rooms (Total)
7
Bathrooms
5
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
238.42
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Feet
Lot Width
133.2
Parcel Number
720230003
Occupant Type
Owner+Tenant
Cross Street
Lakeridge Rd & Brock Concession Rd 14
MLS® Number
N13213088
Listing Brokerage
LPT REALTY
Basement Area
None
Postal Code
L0E 1E0
Posession Details
Flexible
Parking
Private
Parking Places (Total)
23
Parking Spaces
20
Tax Amount
$8,006.93
Tax Year
2025
Site Influences
Golf, Lake/Pond, Marina, River/Stream, School
Interior Features
Water Heater
Property Features
Golf, Lake/Pond, Marina, River/Stream, School
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick, Concrete Block
Direction Faces
East
Fireplace
Yes
Fireplace Features
Natural Gas
Foundation Details
Brick, Concrete Block, Wood
Garage
Yes
Garage Type
Detached
Covered Spaces
3
Kitchens Total
4
Kitchens Above Grade
4
Other Structures
Aux Residences, Garden Shed
Pool Features
None
Roof
Asphalt Shingle, Flat
Tax Legal Description
PT LT 1, CON 13 BROCK ; PARTS 1 & 3, 40R3451 TOWNSHIP OF BROCK
Water Source
Drilled Well
Waterfront
No
Sewer
Septic
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Ground | Living Room | 3.5 x 6.9 | Broadloom, Large Window |
| Ground | Bedroom | 3 x 4 | Broadloom, Closet, Window |
| Ground | Kitchen | 3.8 x 3 | Eat-in Kitchen, Tile Floor, Window |
| Second | Kitchen | 4.9 x 2.8 | Eat-in Kitchen, Linoleum, W/O To Deck |
| Second | Living Room | 4.3 x 3.6 | Broadloom, Large Window |
| Second | Bedroom | 4.3 x 3.6 | Broadloom, Closet, Window |
| Second | Bedroom 2 | 5.2 x 4.4 | Broadloom, Closet, Window |
| Second | Kitchen | 4.9 x 2.8 | Eat-in Kitchen, Linoleum, W/O To Deck |
| Second | Living Room | 4.3 x 3.6 | Broadloom, Large Window |
| Second | Bedroom | 4.3 x 3.6 | Broadloom, Closet, Large Window |
| Second | Bedroom 2 | 5.2 x 4.4 | Broadloom, Closet, Large Window |
| Ground | Living Room | 3.3 x 3.2 | Fireplace, W/O To Yard |
| Ground | Bedroom | 3.16 x 3.16 | Window |
| Ground | Kitchen | 3.3 x 3 | Eat-in Kitchen, Linoleum, Overlooks Frontyard |