Haliburton, Minden and Kinmount
MLS®: X13055748 Status: For sale

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$1,625,000
Location:

141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario, P1P1H6
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
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:2471)
Property:
Type: Retail
Lot Dimensions: 0.13Acreage: 0.13 ac
Water: Municipal water
Structure:
Square Footage: 5100 sqft
Heating: Baseboard heaters, Forced air
Heating Type: Natural gas
Cooling Type: None
Features:
Irregular lot size     
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141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario
 
141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario

Royal LePage - Lakes of Haliburton, Brokerage



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Listing Office: Re/Max Professionals North

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