As spring unfolds, our minds can drift to thoughts of warm summer days on the beach and evenings at the cottage or around a lake. These precious times, surrounded by friends and family or in solitude, recharge us and transport us from thoughts of work and business. There can also be investment gems, hidden among the trees and lakes and beaches that we so cherish in our Canadian summers, especially in areas just north of Toronto.
The Greater Toronto Area is an economic powerhouse for Canadian commercial real estate and Primecorp Commercial Realty is pleased to be an active player in this pivotal market. We are equally happy to serve in the communities surrounding the GTA, which in many ways support the vitality of the world class city of Toronto. For those looking to escape from it all, Ontario offers many gorgeous getaway locations in cottage country within reasonable driving distance of the GTA.
One of the foremost locations for many weekenders heading out of the big city to relax and enjoy the summer is Wasaga Beach. It's long, sandy beaches are situated on the southern end of majestic Georgian Bay, with the beautiful Niagara Escarpment as a backdrop. Primecorp is well represented in this area by our veteran commercial real estate broker, George Watson.
Ontario Commercial Real Estate Broker George Watson
George Watson has decades of experience in the residential, commercial and land development aspects of the real estate industry and has won many awards for his outstanding performance in real estate sales. He has been an active member and Past President of Rotary, his Real Estate Board and Builders and Contractors Association and is currently a director of the Real Estate Council of Ontario (RECO). George is also committed to the health and prosperity of his community, where he serves as an elected member of the Town Council for Wasaga Beach, active on a variety of important committees ranging from the Regional Airport Committee to the Housing Resource Centre, the Conservation Authority, the Development Committee for the Town and Wasaga Beach and several others.
Sale of Turn-Key Commercial Property: Wabaushene Marina - Pier 69
As a member of the Primecorp Team, last year George closed a deal on a noteworthy tourist hub, “Pier 69 Marina” in beautiful Wabaushene, Ontario. Less than two hours north of Toronto, just off the Trans-Canadian expressway as it passes over the isthmus separating the Georgian and Matchedash Bays, lies the historic tourist destination of Waubaushene. With a population of about 1000 permanent residents, Waubaushene enjoys a rich history dating back to the arrival of Europeans in early 1610 and the existing 30,000 Wendat First Nations people.
The Pier 69 Marina property consists of: approximately 1800 square feet of store front; a 4-bedroom, 2,200 square foot home in excellent condition; 65 fully rented boat slips, which can accommodate vessels up to 45 feet; a gas pump, store, boat and motor rental with a boat launch on site; hydro with 200 amp service and water on docks; water, septic and gas connections installed. This turn-key operation provides a good income and is a nice example of the kinds of commercial real estate gems that can be found in cottage country if you know where to look.
Wasaga Beach Investment Properties offered by Primecorp
Other attractive commercial property investments in the area, currently offered by George Watson, include a pre-approved residential development in Wasaga Beach and a beachfront retail space for sale in Wasaga Beach.
The approved draft plan for the residential development includes: a 163-lot subdivision within walking distance of Georgian Bay, with generous lot sizes ranging from 50 to 60 feet frontages. The property is close to schools, Real Canadian Superstore, Canadian Tire and is 20 minutes from the famous Blue Mountain alpine ski resort.
The site area for the beachfront property is 31,000 square feet, with a retail space of 1,585 square feet, fully tenanted by Subway and Yeh! Yogurt. Rental income on this property is approximately $53,000 per season and building permits are in place for an additional 10 units, with potential for another 22 rental units. A portion of the site is used for municipal parking, with strong revenue potential. Contact George Watson for further information about either of these two attractive investment properties.
Seniors Housing Development in Muskoka
Primecorp also currently offers a seniors housing development site in Huntsville, Ontario. This waterfront development land sits on 2 buildable acres, with new zoning for up to 150,000 square feet of building potential to build 150 seniors housing units. The site plan is approved and shovel ready and includes a rare 8 dock, 16 slip availability on 325 feet of water frontage. The vendor is willing to partner or sell outright. Contact our Broker for Seniors Housing, Raffaele Guglielmelli for more information.
Let Primecorp Help You Find the Right Commercial Real Estate Property for your Investment Needs
Primecorp is a progressive Commercial Real Estate Investment Brokerage and Management and Advisory Firm specializing in commercial investment sales, multi-residential investment sales, retail leasing, office leasing, seniors housing and property management. Our firm has offices in Ottawa, Toronto, Gatineau, and Montréal and we are proud of our track record, brokering transactions, not only in the major Canadian cities, but also in the smaller communities adjacent to our big urban centres. We have brokered deals in over 55 Canadian cities in excess of $6 billion CAD since our inception in 1998.