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$ 1,595,000
Est. payment | /mo
5,600 SqFt
$ 1,595,000
Est. payment | /mo
5,600 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $284
Subdivision Muskoka (S)
MLS Listing ID X13805410
Annual Tax Amount $2,979
Tax Year 2025
Lot Size 5,663 Sqft
Property Sub-Type Investment
Property 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. One commercial unit with 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 new 5th two bedroom apartment that is 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. This property is 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.
Location
Province ON
County Muskoka
Area Muskoka
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 56.6
Lot Depth 109.0
Others
Security Features No
ParcelsYN No
Listed by Re/Max Professionals North
Nearby Locations
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