$1,625,000
Available - For Sale
Listing ID: X13055748
141 Hotchkiss Street , Gravenhurst, P1P 1H6, Muskoka
| 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: | $2979.70 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | 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. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Use: | Retail Store Related |
| Building Percentage: | T |
| Total Area: | 5100.00 |
| 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 |
| Water Expense: | $3799 |
| Net Income Before Debt: | $81120 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 6 |
| 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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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Re/Max Professionals North |
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|
Sarah Saberi
Sales Representative
Dir:
416-890-7990
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Muskoka |
| Municipality: | Gravenhurst |
| Neighbourhood: | Muskoka (S) |
| Tax: | $2,979.7 |
| Baths: | 6 |
| Fireplace: | N |
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