1614 Ridge Road

Oro-Medonte, ON

6,000 sqft
Investment
1182 days on market

$3,299,000Price reduced 2%

Welcome To 'Hawkstone Manor' In Old Charm Historical Hawkestone, Oro-Medonte. First Time Offer For Sale After Completing A Full Preservation Of This Unique Century Grand Manor Home And Fully Renovated Suites. Stunning Curb Appeal With Keystone Brick, Soaring Ceilings, Exquisite Trim Work & Superior Interior Finishes. Ensuite Laundry, Fireplace. The Building Features State Of The Art Mechanical Systems And Offers The Most In Home Comfort And Efficiencies. 7 fireplaces. Metal roof. Fully spray-foam insulation. New glazing & doors. New paved driveway. All units are separately metered for hydro & separate Water purifications systems & hot water heater per unit. New HVAC, Electrical, Fire security, well & septic systems. This 4 Storey Dwelling Has 5 Executive Suites (See Schedule For Each Floor Plan). This Is A Lifestyle Building With Exceptional Finishes Both In And Out. This Along With Manicured & Groomed Grounds Welcome The Most Discerned Investor, Occupants And Guests! **EXTRAS** Unlike any other 5 plex building - Huge estate manor (over 6,000 square feet) on just under an acre of property. Exceptional investment that is ‘turn key’, fully renovated & free form any future capital improvements.

Listing Details

Taxes (2022): $3,165
Originally Listed: $3,359,000
Listed: June 13, 2023

Price History

Listing history

Property

Lot Size: 120.67 x 200.73 Feet

Parking

Garage: Double Detached

Location & Legal

Cross Street: Hwy 11 & 11 Line N
Zoning: RG - 5-plex residential
Parcel Number: 585480118
Occupancy: Tenant

Commercial

Business Type: Apts - 2 To 5 Units
Rental Term: 12 months

Included

Inclusions: Premium tenancies in place generating income over $140,000.00/year. All units are separately metered for hydro & separate Water purifications systems & hot water heater per unit. Vendor is willing to take a Vendor Take Back (VTB) mortgage.
Exclusions: Basement is unfinished with separate entrance and may be used for further income rental potential. Endless potentials!
Rental Items: N / A

Community

Postal area L0L

Population: 42,022
Private dwellings: 19,252
Median age: 46.8
Average household size: 2.7
Median household income: $106,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Oro-Medonte · last 12 months

Median sold price: $880,000
Homes sold: 325
Median days on market: 32
Sale-to-list price: 95.8%

Based on 325 recorded sales of commercial properties in Oro-Medonte over the last 12 months.

Listed by

CENTURY 21 FINE LIVING REALTY INC.

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Commercial figures

Building area: 6,000 sq ft
Price per sq ft: $549.83
Annual property tax: $3,165
Tax per sq ft: $0.53

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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