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 are 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 frontage space, currently tenanted, 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 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 brand 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% and consistent 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:  Dryer, Water Heater, Range, Two Washers
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:  5600 sqft
Lot:  0.13 ac 0.13
Water:  Municipal water,
Heating / Cooling:   Natural gas / None
Age: 
Basement:  

Rooms & Sizes