All Photos · 47
Cannington · L0E 1E0
$829,000
MLS® #N12810722
7
Bedrooms
5
Bathrooms
3500-5000
Sq Ft
About This Property
This powerhouse investment at 22985 Lake Ridge Road offers a rare combination of residential income and commercial versatility on a nearly a acre lot with two frontages. Bordering Georgina and Brock, the property features five distinct rental streams: a 1000sqft shop/office with two bay doors, three apartments (two upper 2-bedroom and one ground level 1-bedroom), plus a separate 2-bedroom raised bungalow. 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 just off the highly visible and accessible Highway 48, and minutes from Lake Simcoe beaches and marinas. 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. 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.
General Information
Building & Mechanicals
Basement
Parking & Garage
Lot & Land
Interior Features
Features
Pool
Taxes
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Living Room | Ground | 11' 6" × 22' 8" |
| Bedroom | Ground | 9' 10" × 13' 1" |
| Kitchen | Ground | 12' 6" × 9' 10" |
| Kitchen | Second | 16' 1" × 9' 2" |
| Living Room | Second | 14' 1" × 11' 10" |
| Bedroom | Second | 14' 1" × 11' 10" |
| Bedroom 2 | Second | 17' 1" × 14' 5" |
| Kitchen | Second | 16' 1" × 9' 2" |
| Living Room | Second | 14' 1" × 11' 10" |
| Bedroom | Second | 14' 1" × 11' 10" |
| Bedroom 2 | Second | 17' 1" × 14' 5" |
Mortgage Calculator
Estimated monthly payment
$4,073
Down payment: $165,800 · Loan: $663,200
Estimate only. Actual rates and payments vary by lender.
Listing Information
Listing courtesy of:
LPT REALTY
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The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: Apr 9, 2026.
Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.
| Living Room | Ground | 10' 10" × 10' 6" |
| Bedroom | Ground | 10' 4" × 10' 4" |
| Kitchen | Ground | 10' 10" × 9' 10" |