235 Muskoka Road S Gravenhurst, Ontario P1P 1J1
$1,580,000
Positive cashflow! Discover an exceptional investment opportunity with this beautifully renovated building that skillfully blends historic charm with modern elegance. Situated in one of the towns most prominent and bustling locations, this expansive property boasts positive cash flow and stands out as one of the largest and most impressive buildings in the area. Just a short stroll from the picturesque Lake Muskoka Harbor and Gull Lake Park, with its inviting beaches, the location offers both high visibility and convenience. Currently configured into five versatile units, the property features two prime storefronts on the main floor, two adaptable spaces on the second floor, and a furnished two-bedroom executive suite on the third floor, with potential for two additional bedrooms. The unfinished fourth floor, with its soaring ceiling presents an exciting opportunity for customization as a loft and 26' cathedral ceiling or entire additional floor. With flexible options to maintain the existing layout, reconfigure the space, or occupy the entire building, this property caters to a variety of business and investment needs. The current owner is open to leasing the second and third floors for one year, with options for month-to-month extensions or vacating upon closing. Fully reno'd turn key complete with steel roof with 50 year transferrable warranty. Units have separate gas and hydro meters. Dont miss out on this rare chance to own a landmark property with endless potential. **** EXTRAS **** The Property Also Boasts A New Steel Roof With A 50-Year Transferable Warranty, Ensuring Durability & Peace Of Mind For Years To Come. Notable Features Of This Property Include Hvac Heating & Air Conditioning For Comfort And Efficiency. (id:53086)
Property Details
| MLS® Number | X9240701 |
| Property Type | Retail |
| Amenities Near By | Highway, Public Transit |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Exterior | 6825 Sqft |
| Size Interior | 6825 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 127 Ft |
| Size Frontage | 36 Ft |
| Size Irregular | Bldg=36 X 127 Ft |
| Size Total Text | Bldg=36 X 127 Ft |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/27255741/235-muskoka-road-s-gravenhurst
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September 16 2024 06:46:08
Toronto Real Estate Board
Century 21 B.j. Roth Realty Ltd.