21 ROOM MOTEL For Sale in the city of Gravenhurst in MUSKOKA AREA, one of the major tourists attractions. This motel runs on long-term customer living there on Monthly basis, all rooms always occupied, 100% occupancy throughout the year. Just one employee runs the motel. This location and the property has indeed a great income potential for the new owner if operates as a regular motel with all online exposure. Very low operating costs as just one employee, NO housekeeping, Minimum Supplies, NO online reservations system. Investors own this property since last 8 years and it has been operated the same way by one employee only. The property has a Restaurant as well (it was on lease till mid 2024) currently it is closed. FUTURE POTENTIAL: Ideal location for the Builder/Developer to utilize this 3.08 Acres lot and build a branded hotel or other dream project with the city's approval.
Address
469 Bethune Drive N
List Price
$1,700,000
MLS® Status
Sold Conditional
Expiration Date
2025-11-20
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
For Sale
Area
Gravenhurst
Sub-Area
Muskoka (S)
Region
Muskoka
Bathrooms
23
Lot Size Source
GeoWarehouse
Lot Depth
370
Lot Type
Lot
Lot Size Units
Feet
Lot Width
345
Parcel Number
481830058
Total Building Area
3.079
Occupant Type
Owner+Tenant
Cross Street
Bethune Dr N & Winewood Ave E
MLS® Number
X12033312
Listing Brokerage
CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Basement
No
Postal Code
P1P 1B8
Posession Details
30-60 days
Parking Spaces
30
Tax Amount
$9,340.90
Tax Year
2024
Community Features
Major Highway
Standard Status
Pending
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Baseboard
Cooling Features
Yes
Garage Type
Outside/Surface
Business Name
Star Motel, Gravenhurst