TRIPLE AAA INVESTMENT
64 RIVER ROAD EAST, WASAGA BEACH
9 CONDOMINIUM TOWN HOMES
IN A GATED RIVERFRONT ENCLAVE
PIER 64 CONDOS
PROPERTY NOTES
Super Potential In Southern Georgian Bay’s Next Growth Node – Wasaga Beach
You can invest in 9 executive town homes, each with a strata (condo) title in a gated riverfront enclave with a super rare monetizable 160’ Engineered Steel & Concrete Boardwalk & Dock.
With this all-win opportunity at 64 River Road East, Wasaga Beach, ON, you can take multiple paths to prosperity.
This is a stable, low-risk, strong-revenue, value-added investment.
Sorry – The entire package is no longer available.
But don’t despair –
Individual town homes are now available.
https://64rre.ca/affordable-waterfront-lifestyle/
or centralize your portfolio with a TRI-PLEX CONDO –
https://64rre.ca/triplex-condo/
PROPERTY HI-LITES
| GATED RIVERFRONT ENCLAVE | 9 CONDO TOWN HOMES |
| 6 RIVERFRONT 2BR UNITS | 3 COURTYARD 3BR UNITS |
| EXCELLENT RENTAL DEMAND | AIRBNB RENTALS ALLOWED |
| RECENT O.P. DENSITY INCREASE | 160′ RIVERFRONT & DOCK |
a picture is worth...
Riverfront & Courtyard
Generate revenue with six Riverfront 2 bedroom townhomes and three Courtyard 3 bedroom townhomes and your own super-rare 160 feet of engineered concrete and steel dock.
LOCATION. LOCATION. LOCATION.
THE COMPARABLES:
AVG. SOLD PRICE ≤ 30 DAYS
| #1) 51 SAVANNAH CRES | $715,000 |
| #2) 32 BEACHWAY TRAIL | $760,000 |
| #3) 7 SPRUCE STREET | $765,000 |
RENTAL INCOME RANGE
| 2 BR TOWN HOME (MTHLY) | $2,400 – | $2,600 |
| 3 BR TOWN HOME (MTHLY) | $2,700 – | $3,000 |
| DOCK – PWC SLIP (SEASON) | $75/FT – | $1,400 |
DISTANCE & TIME
| BARRIE | 33 km – | 28 min |
| COLLINGWOOD | 21 km – | 25 min |
| MIDLAND | 36 km – | 35 min |
MULTIPLE PATHS TO PROSPERITY
FUTURE INFILL REDEVELOPMENT = THE VALUE-ADD FACTOR
What makes this property a Triple AAA investment is its “Added Value” component of being a future in-fill re-developable, high-density site on the water, all with strong, stable rents in a high-demand property.
Acquire and hold 9 condo titled multi-functional town homes in a designated growth node in the Southern Georgian Bay town of Wasaga Beach.
With steady and top-of-market rental rates, this perfectly located, in-demand property will also have room for strong value growth across a 20+ year period that aims to end with re-developing this great property. However, the true value-added I.R.R. benefit will be realized when you capitalize on your underutilized density, which has been afforded to this location by the recently adopted downtown intensification programme and official plan amendments.
To give you some context of how the Downtown Development Master Plan Revitalization Intensification Program has directly benefited the subject property (64 RRE), you have to look no further than the neighbouring property at 66 River Rd East. When 66 RRE was purchased by the current owners (Bremont Homes) in 2017, it was draft approved for 14 townhomes… and they are now excavating for the construction of 50 condo units in a 4-story building with a rooftop terrace (f.y.i. they have NO water access because the current conservation regulations limit new shoreline construction – unlike the super-rare 160’ Engineered commercial grade dock at 64 RRE).
Live & Work & Prosper
Here’s an idea for the entrepreneurial minded real estate investor!!! Maximize this perfect location and your coveted CA-9 zoning and your super-rare 160 feet of highly monetizable, engineered concrete and steel dock to create your flagship riverfront location for a recreational power sport business. Be your own tenant by creating an experiential “airbnb-type” rental because of your TRIPLE AAA location relative to the popular Beach 1 and the wide open bay. Your property is big enough to offer it all, yet small enough to always be fully booked.
In the winter, for skiers—it’s only 25 minutes to Horse Shoe, Snow Valley, and Blue Mountain, or go full-out experiential with a Sled Camp—this property is located only 700 yards from the junction of some of the best snowmobile trails in the region. The legendary 8-Loop trail takes you through a stunning variety of terrain as you explore the southern Georgian Bay and Collingwood regions; lofty pine forests, open fields, abandoned rail lines, and rolling hills up to the top of the Blue Mountains overlooking the bay.
Your shoulder seasons are more like big, strong shoulder seasons when catering to the ATV and Side-by-Side (SxS) markets. Again, 700 yards to the mouth of the COATV trail system and remember, ATV’s and SxS are perfectly legal on the streets of Wasaga Beach during the summer and shoulder seasons. Win-Win Opportunity – Just DO EVERYTHING!
SELLER LEASE-BACK PROPOSAL
PROPOSED TOP-LINE NUMBERS
| ANN. GROSS OPERATING INCOME | $240,000 |
| ANN. OPERATING COSTS | $86,000 |
| AN. NET OPERATING INCOME | $154,000 |
| NEIGHBOURHOOD | AVG. RETAIL VALUE /UNIT RANGE | AVG. PACKAGE VALUE/UNIT |
|---|---|---|
| BEACH 1 – RIVER ROAD EAST | $650,000 to $700,000 | $590,000 |
| MARKET VS. PACKAGE PRICE | AVG. RETAIL VALUE /UNIT | PACKAGE PRICE |
|---|---|---|
| LOW AVG. MARKET VALUE – 9 UNITS @ | $650,000 | $5,850,000 |
| AVG. MARKET VALUE – 9 UNITS @ | $700,000 | $6,300,000 |
| PACKAGED TO SELL VALUE – 9 @ | $590,000 | $5,310,000 |
EXPERIENCED INVESTOR - OPERATOR MODEL
Acquiring these 9 condo-titled; multi-functional townhomes is just the beginning for an experienced investor/operator who wants the maximum revenue from the best sources.
MAKE YOUR MONEY WITH THIS TRIPLE AAA PROPERTY
This presentation may contain “forward-looking information” which reflects The Bayley-Hay Team’s and The Seller’s expectations regarding objectives, plan, goals, performance and opportunities. These statements are based on The Bayley-Hay Team’s reasonable assumptions and beliefs in light of the information currently available to them and the market conditions at the time of reading. Where these assumptions fall short of future reality, objectives may be less than fully achieved.
Certain information set forth in this presentation contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”. Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the projected financial performance of the projected paths to prosperity.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what the Broker and the Seller believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements