381 Mosley Street

Wasaga Beach Wasaga Beach L9Z 2J8

Welcome to the Dyconia Resort Hotel, a great development opportunity for someone with a grand vision. In years gone by, this used to be one of the "hottest" spots in Wasaga Beach for young adults to frequent on a hot summer weekend. Now, while it waits for it's next makeover, it's a year round resort hotel with 100% occupancy and enough cash flow to carry itself through until one has Site Plan Approval. A tour of the property will give you an idea of what is possible on this 2.84 acre site with 425 feet of river frontage! It's located on the Nottawasaga River, directly across the street from Beach Area Two and only a couple of minutes walk to downtown Wasaga Beach, where all the action is. What this means is that you could build executive townhomes with boat slips at your back door and have access to the most gorgeous sandy freshwater beach in Canada right across the street where there's a beautiful provincial park that runs alongside the beach. There's plenty of room for a high-end restaurant, a night club and/or a private swimming pool/spa. It all depends on you, the developer. One thing for sure... you can't beat the location! It's simply the best for boaters and beach lovers alike, not to mention those who love fishing. And for skiers and snowboarders, you are only a few minutes away from the slopes of the Collingwood ski hills and the West Coast feel and fine dining in magical Blue Mountain Village. Comprised of 12 bldgs, featuring a mix of 3X1-storey cabins & 9X2-storey & 3-storey walk-ups. There are currently 38 units that are rented out to guests year round with full occupancy. There was a pool which is no longer in service, and there were some docks on the riverfront, but not any more. Please visit our website for more details. See Schedules B & C as well. YEAR BUILT: Original Part of Main Bldg - 1923, Main Bldg additions incl. basement Banquet Hall - 1989, Other bldgs - 1985 & 1945 for the Cottages. BLDG SIZES: Main Bldg - 17889 sf on 3 levels, 9-Plex = 4793 sf (533 sf each); 6-Plex = 2760 sf (460 sf each); 11 East Side Units E1-E12 = 5108 sf (avg 464 sf each). # OF UNITS: Main Building is > 12,000 sf & incl. 2 Bachelor, 2X1 Bed units, 2X2 bed units, 2x3 bed units = 8 units. In the past, the D/R was licensed to hold 237 ppl, the Bar = 97 ppl & the Banquet Hall = 312 ppl. It's currently closed. The Seller Agrees That The Cooperating Brokerage Will Owe The Listing Brokerage A Fee Of 25% of the Buyer Agency Compensation If The Same Buyer Who Was Shown The Subject Property By An Agent Of The Listing Brokerage Subsequently Purchases The Subject Property By Way Of The Cooperating Brokerage.