469 Bethune DR N Active Save Request In-Person Tour Request Virtual Tour
Gravenhurst,ON P1P 1B8
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3 sqft
Price per Sqft $566,666
MLS Listing ID X12033312
Annual Tax Amount $9,340
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Muskoka
Area Muskoka
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 345.0
Lot Depth 370.0