CAONGravenhurst (Muskoka (S))141 Hotchkiss Street
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141 Hotchkiss Street, Gravenhurst (Muskoka (S)), ON

House

For Sale

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000

MLS® X13055748

  • Key Facts
  • Description
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Key Facts

Type 
Levels Commercial Sale
Size 5100 sqft
Garage 
Taxes $2,980
Days Active 0
Lot Size 
Approx. Age 
Avg. Price Per Sqft $318
MLS® Number X13055748

Property Address: 141 Hotchkiss Street, Gravenhurst (Muskoka (S)), ON, P1P1H6

Average square foot calculated using Size range provided by listing agent.

Description

Prime Investment Opportunity in the Heart of Gravenhurst! Exceptional mixed-use income property ideally located in Downtown Gravenhurst, offering a are combination of stable cash flow, strong upside potential, and long-term value. This well-maintained mixed use building is an attractive addition to any investment portfolio. The commercial space offers approximately 2, 500 square feet of versatile frontage space, currently tenanted, C1-A zoning ideal for a variety of business uses in a high visibility Downton location. Above and alongside, the resident component totals approximately 2, 600 square feet, comprised of five desirable two-bedroom units that continue to generate reliable rental income. Recent improvements demonstrate pride of ownership and reduce future capital concerns, including four year old roof, new staircases, a newer furnace and the recent addition of a brand new 5th two bedroom apartment that will soon be ready for occupancy and presents immediate income growth. Tenants benefit from convenient on-site coin laundry, while investors will appreciate the strong proforma cap rate of 6.2% and consistent revenue stream from this proven asset. The property has been very well maintained throughout, offering a turkey opportunity in majestic Muskoka's most vibrant and growing communities. Whether you are expanding your portfolio or seeking solid first investment, this Downtown Gravenhurst mixed-use property is a smart acquisition with strong income today and upside for tomorrow. (id:58753)Show Description
MLS® NumberX13055748
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
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Price History

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Starting Address
Destination Address
141 Hotchkiss Street, Gravenhurst (Muskoka (S)), ON

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