+8 more
$1,625,000
141 Hotchkiss
Gravenhurst), Ontario, P1P1H6
10
Bedrooms
6
Bathrooms
5,600 sqft
Living Area
0.13 ac
Lot
4
Parking
About This Property
This 10-bedroom, 6-bathroom multi-family in Gravenhurst) offers 5,600 sqft of living area on a 0.13 ac lot. 2 storeys. The property has lot dimensions of 0.13. The home features baseboard heaters, forced air, natural gas heating.
MLS Remarks
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. (id:60351)
Inclusions
5 Refrigerators, 5 Ranges, 2 Washers, 1 Dryer, 4 Hot Water Tanks
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
