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    For Sale - 141 Hotchkiss Street, Gravenhurst, Ontario

    Est payment $7,803/mo
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    Views   1
    Time on Jump  69 day

    AI Summary *

    • Mixed-use property with strong cash flow and growth potential.
    • 2,500 sq ft commercial space with stable tenant for 23 years.
    • Five two-bedroom residential units generating reliable rental income.
    • Recent improvements reduce future maintenance costs and enhance value.
    • High-cap rate investment in vibrant and growing Downtown Gravenhurst.




    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.
    Listing IDX13055748
    Address141 Hotchkiss Street
    CityGravenhurst, Ontario
    Price$1,625,000
    Bath6 Full
    StyleCommercial Retail
    Land Size0.13
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailBasement 1Heating / Cooling BaseboardSewer Sanitary+Storm

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    Listing Agency:  Re/Max Professionals North

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    141 Hotchkiss Street
    Gravenhurst , Ontario
    6 $1,625,000
    Get more info