424 Penetanguishene Road, Springwater
- Living area: 53 sqft
- Type: Lots and Land
- Added: 11 months ago
- Updated: 2 months ago
- Last Checked: 1 hour ago
- Listed by: RE/MAX WEST REALTY INC.
Listing description
This Vacant Lot at 424 Penetanguishene Road Springwater, ON with the MLS Number s11909233 listed by MAAHUM AHMAD - RE/MAX WEST REALTY INC. on the Springwater market 11 months ago at $5,000,000.
Location, Location, Location! Situated at the gateway to the north, this 53-acre property backs onto the Hwy 400 merge/split and fronts Hwy 93, offering unbeatable exposure. Just 500m from Georgian Drive, with quick access to RVH & Georgian College, this property is primed for success. An incredible investment opportunity for development or the perfect place to relocate your business, this property has the potential for over $1 million in sales from five core businesses, operating successfully for 25+ years. Revenue streams include a 9-hole golf course with pristine greens and stunning views, a 9000 sq. ft. clubhouse with turf garages, a practice driving range, a modern bistro restaurant, a grand ballroom and seasonal venue room, and four fully furnished rental suites that can generate over $4,000 in monthly revenue. Beyond its current operations, the property offers exciting development potential with 10 acres for expansion. The current zoning also allows the clubhouse expansion of a hotel with 40+ rooms for accommodation. With the City of Barrie expanding its boundaries, this property is poised to fall within city limits, unlocking unparalleled future growth potential. The current owner is retiring and willing to provide training. Don't miss this rare opportunity to own a prime piece of land with unlimited potential! (id:1945)
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Price History
January 6, 2025
by RE/MAX WEST REALTY INC.
$5,000,000
