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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  10 day

    AI Summary *

    • Prime mixed-use property in downtown Gravenhurst with stable cash flow.
    • 2,500 sq ft commercial space currently tenanted for steady income.
    • Five desirable two-bedroom units generating reliable rental income.
    • Recent updates like a new roof and staircases reduce future expenses.
    • Convenient on-site laundry service adds value for tenants and investors.




    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.
    Listing IDX13087632
    Address141 Hotchkiss Street
    CityGravenhurst, Ontario
    Price$1,625,000
    StyleInvestment
    Land Size0.13
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 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
    $1,625,000
    Get more info