141 Hotchkiss Street Gravenhurst, Ontario P1P 1H6

$1,625,000

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:19593)

Business

Business Type	Retail and Wholesale
Business Sub Type	Retail misc.

Property Details

MLS® Number	X13055748
Property Type	Retail
Community Name	Muskoka (S)
Equipment Type	Water Heater
Features	Irregular Lot Size
Rental Equipment Type	Water Heater

Building

Appliances	Dryer, Water Heater, Range, Two Washers
Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Forced Air
Size Interior	5,100 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	109 Ft
Size Frontage	56 Ft ,7 In
Size Irregular	0.13
Size Total	0.13 Ac
Size Total Text	0.13 Ac
Zoning Description	C-1a

https://www.realtor.ca/real-estate/29670035/141-hotchkiss-street-gravenhurst-muskoka-s-muskoka-s