view of property Features: parking pad More Photos

×

    For Sale - 141 Hotchkiss Street, Gravenhurst, Ontario

    Est payment $7,803/mo
    Get pre-qualified
    Views   1
    Time on Jump  2 day

    AI Summary *

    • Prime mixed-use property with stable cash flow and long-term value.
    • Commercial space with strong tenant history and high visibility location.
    • Five two-bedroom rental units generating reliable income with potential for growth.
    • Recent upgrades reduce future maintenance worries, ensuring peace of mind.
    • On-site coin laundry adds convenience for tenants and enhances property appeal.




    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 IDX13085912
    Address141 Hotchkiss Street
    CityGravenhurst, Ontario
    Price$1,625,000
    Bed / Bath10 / 6 Full
    Style2-Storey, Multiplex
    ConstructionMetal/Steel Siding
    Land Size0.13
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Water HeaterOwnership FreeholdBasement FinishedFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 4.00
    ASAP

    Fri

    8

    May

    Sat

    9

    May

    Sun

    10

    May

    Mon

    11

    May

    Tue

    12

    May

    Wed

    13

    May

    Thu

    14

    May

    Fri

    15

    May

    Sat

    16

    May

    Sun

    17

    May

    Mon

    18

    May

    Tue

    19

    May

    Wed

    20

    May

    Thu

    21

    May

    Fri

    22

    May

    Sat

    23

    May

    Sun

    24

    May

    Mon

    25

    May

    Tue

    26

    May

    Wed

    27

    May

    Thu

    28

    May

    Fri

    29

    May

    Sat

    30

    May

    Sun

    31

    May

    Mon

    1

    Jun

    Tue

    2

    Jun

    Wed

    3

    Jun

    Thu

    4

    Jun

    Fri

    5

    Jun

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    38 Tindale Road
    Brampton, Ontario.
    5 Beds | 3 Baths
    $619,000
    1483 Launay Avenue
    Orleans - Cumberland And Ar…
    2 Beds | 2 Baths
    $499,999
    611 York Avenue
    South Bruce Peninsula, Onta…
    3 Beds | 2 Baths
    $789,000
    216 Highbury Avenue
    London East, Ontario.
    5 Beds | 6 Baths
    $699,000
    1472 County Rd 7 Road
    Prince Edward County, Ontar…
    4 Beds | 2 Baths
    $1,850,000
    4957 Gilmore Street
    Lincoln, Ontario.
    4 Beds | 3 Baths
    $1,169,000
    12 Icemaker Way
    Whitby, Ontario.
    3 Beds | 3 Baths
    $825,000
    250 Forest Avenue
    St. Thomas, Ontario.
    3 Beds | 2 Baths
    $399,500
    30 Autumn Frost Road
    Otonabee-South Monaghan, On…
    6 Beds | 5 Baths
    $999,900
    Loading...
    141 Hotchkiss Street
    Gravenhurst , Ontario
    10 6 $1,625,000
    Get more info