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MLS®: X13087632 |
Status: For sale
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Location:
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141 HOTCHKISS STREET, Gravenhurst (Muskoka (S)) Ontario, P1P1H6
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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) |
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Property: |
| Type: Multi-family |
| Lot Dimensions: 0.13 | Acreage: 0.13 ac |
| Water: Municipal water |
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Structure: |
| Style: Multi-Family | Square Footage: 5600 sqft |
| Heating: Baseboard heaters, Forced air |
| Heating Type: Natural gas |
| Cooling Type: None |
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Features:
 | Irregular lot size |
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Royal LePage - Lakes of Haliburton, Brokerage
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Listing Office: Re/Max Professionals North
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