141 Hotchkiss Street, Gravenhurst (Muskoka (S)) ON

About 141 Hotchkiss Street

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. (id:56071). Get more information on 141 Hotchkiss Street

Property Features

Appliances:  Water Heater, Dryer, Range, Two Washers, Refrigerator
Features:  Irregular lot size
Rental Equipment:  Water Heater
Directions:  Cross Streets: Muskoka Road S. ** Directions: In Gravenhurst, take Muskoka Rd. S. to west on Hotchkiss St. to 141 on south.
Zoning Description:  C-1A
Interior Size:  2500 - 3000 sqft
Lot:  56.6 x 109 FT 56.6 x 109 FT
Exterior Finish:  Steel
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Electric, Natural gas / Window air conditioner
Age: 
Foundation: Block
Basement:  N/A (Finished) Finished

Rooms & Sizes