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Stuart McKerrow pic stuart.mckerrow@gmail.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. pic 358 Davenport Road, Toronto, Ontario M5R 1K6 pic Office: 416-966-0300 | Fax: 416-966-0080 | Cell: 416-856-6810

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$1,625,000
Available - For Sale
Listing ID: X13055748
Prime Investment Opportunity in the Heart of Gravenhurst! Exceptional mixed-use income property ideally located in Downtown Gravenhurst, offering a 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 space with store frontage, same tenant for 23 years; 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, 2 of which have balconies, 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 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% based on List Price and a consistently increasing 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.
Price $1,625,000
Taxes: $2,979.7
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Tenant
Address: 141 Hotchkiss Street , Gravenhurst, P1P 1H6, Muskoka
Postal Code: P1P 1H6
Province/State: Muskoka
Legal Description: PT LT 11 E/S JOHN ST PL 8 GRAVENHURST PT
Directions/Cross Streets: Muskoka Road S.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Use: Retail Store Related
Building Percentage: T
Total Area: 5,100
Total Area Code:  Square Feet
Office/Appartment Area: 2600
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Financial Statement: T
Chattels: T
Franchise: F
Days Open: V
Maintenance: 0
Water Expense: $3799
Net Income Before Debt: $81120
Expenses Actual/Estimated: $Act
Sprinklers: No
Rail: N
Clear Height Feet: 8
Truck Level Shipping Doors #: 0
  Height Feet: 0
Double Man Shipping Doors #: 0
  Height Feet: 0
Drive-In Level Shipping Doors #: 0
  Height Feet: 0
Grade Level Shipping Doors #: 0
Height Feet: 0
Heat Type: Baseboard
Central Air Conditioning: No
Sewers: Sanitary+Storm
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Re/Max Professionals North

141 Hotchkiss Street , Gravenhurst, P1P 1H6, Muskoka

Personal Picture
Stuart McKerrow
Sales Representative
Dir:
416-856-6810
Bus:
416-966-0300
Fax:
416-966-0080

 
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Type: Com - Commercial Retail
Area: Muskoka
Municipality: Gravenhurst
Neighbourhood: Muskoka (S)
Style:
Lot Size: x 109.00(Feet)
Approximate Age:
Tax: $2,979.7
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
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