141 Hotchkiss Street,Gravenhurst, ON P1P 1H6
Gravenhurst, ON P1P 1H6
Description
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.
Details
| MLS # | X13085912 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 109 |
| Listing Provided By | Re/Max Professionals North | X13085912 549105 |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.14 |
Interior
| Interior Features | Water Heater |
|---|---|
| Cooling | Window Unit(s) |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Roof | Metal |
|---|---|
| Foundation Details | Concrete Block |
| Construction Materials | Metal/Steel Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2979.7 |
|---|---|
| Tax Legal Description | PT LT 11 E/S JOHN ST PL 8 GRAVENHURST PT 1 35R13430; GRAVENHURST ; THE DISTRICT MUNICIPALITY OF MUSKOKA |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Muskoka |
| City | Gravenhurst |
| Postal Code | P1P 1H6 |
| Area | Muskoka (S) |
| Listing VS Median (in P1P 1H6) | |
Price: $1,625,000 low | high Med: $1,625,000 On site: 109 low | high Med: 116 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Muskoka |
| City | Gravenhurst |
| Postal Code | P1P 1H6 |
| Area | Muskoka (S) |
| Listing VS Median (in P1P 1H6) | |
Price: $1,625,000 low | high Med: $1,625,000 On site: 109 low | high Med: 116 | |
