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$1,800,000
Available - For Sale
Listing ID: X12418071
Downtown Gravenhurst Land, Building & Business Investment Opportunity!! After 76 years of family operations, the current owners are retiring. Asset or Share sale includes 9.295 sq. ft. 3 level commercial building with 2 residential unit on the upper level, and a Furniture, Appliance, decor business on a 46 foot by 123 foot with C1 Commercial Core occupies in a prime location on the vibrant main street in downtown Gravenhurst. Retail Space: Two levels comprising 7,169 sq. ft. (3,938 sq. ft. main floor + 3,231 sq. ft. lower level) Residential Space: Two well-kept apartments totaling 2,126 sq. ft., each with its own kitchen, bathroom and hydro meter. South Apt. is approx. 1000sqft, has 2 beds, 1 bath and laundry in the kitchen. North Apt. is approx. 1200sqft, has 1 bed + den, 1 bath a large living/dining room. Efficient gas-fired boiler heating system. 200 AMP electrical service, municipal water and sewer. Storefront with display windows and signage. The interior retail space is open, bright, and ready for a new management and concept or continue on the tradition of furniture, major appliance and bed retail sales. The apartments above are in good condition, offering immediate rental income or on-site living for the owner/operator. This is a rare investment opportunity in the heart of Gravenhurst the gateway to Muskoka only 1.5 hours from the GTA. Gravenhurst is the most southern Muskoka business centre serving the growing local community, affluent cottagers and a vibrant tourist market. With a well structured serious offer a VTB is possible.
Price $1,800,000
Taxes: $7,828
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner
Address: 171 Muskoka Road South , Gravenhurst, P1P 1X3, Muskoka
Postal Code: P1P 1X3
Province/State: Muskoka
Legal Description: PT LT 8 W/S MUSKOKA RD PL 8 GRAVENHURST
Directions/Cross Streets: Bay St.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Retail
Building Percentage: T
Total Area: 9,295
Total Area Code:  Square Feet
Office/Appartment Area: 2126
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Approximatly Age: 51-99
Business/Building Name: Gravenhurst Furniture
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 9 am to
Employees #: 4
Maintenance: 0
Net Income Before Debt: $151957
Expenses Actual/Estimated: $Act
Sprinklers: No
Outside Storage: F
Crane: F
Clear Height Feet: 9
Bay Size Length Feet: 26
Heat Type: Gas Hot Water
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Re/Max Professionals North

171 Muskoka Road South , Gravenhurst, P1P 1X3, Muskoka


 
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At a Glance:
Type: Com - Investment
Area: Muskoka
Municipality: Gravenhurst
Neighbourhood: Muskoka (S)
Style:
Lot Size: x 123.00(Feet)
Approximate Age: 51-99
Tax: $7,828
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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