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.
Address
141 Hotchkiss Street
List Price
$1,625,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Gravenhurst
Sub-Area
Muskoka (S)
Region
Muskoka
Bathrooms
6
Lot Size Source
GeoWarehouse
Lot Depth
109
Lot Shape
Irregular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
56.6
Parcel Number
481910230
Total Building Area
5100
Occupant Type
Tenant
Cross Street
Muskoka Road S.
MLS® Number
X13055748
Listing Brokerage
Re/Max Professionals North
Basement
Yes
Postal Code
P1P 1H6
Posession Details
as soon as possible
Tax Amount
$2,979.70
Tax Year
2025
Property Management Company
Lakeview Properties Ltd
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Type
Baseboard
Cooling Features
No
UFFI
No
Garage Type
None
Tax Legal Description
PT LT 11 E/S JOHN ST PL 8 GRAVENHURST PT 1 35R13430; GRAVENHURST ; THE DISTRICT MUNICIPALITY OF MUSKOKA
Security Features
No
Sewer
Sanitary+Storm
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