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$495,000
2 Baths ⋅ X13665670 MLS® #
Investment Opportunity in Downtown Gravenhurst. A unique opportunity in the heart of downtown Gravenhurst. This former theatre, now operating as a retail space, offers approximately 6,613 sq. ft. of commercial space with impressive high ceilings and a distinctive layout that reflects the building's original use. An established tenant is currently in place with a lease extending to September 2027, providing income while a future owner considers the possibilities for the property.Located on Gravenhurst's Main Street, the property benefits from a highly visible downtown location within one of Muskoka's busiest year-round communities and a destination that sees significant seasonal tourism. With its generous square footage, high ceilings and adaptable interior, the building offers considerable potential for future redevelopment or conversion to a variety of commercial or other permitted uses.An intriguing investment for those looking for an income-producing property today with longer-term redevelopment potential in the heart of Muskoka. (id:5764)

230 Muskoka Road South, Gravenhurst (Muskoka (S))

Listing courtesy of Chestnut Park Real Estate.

$395,000
2 Beds ⋅ 2 Baths ⋅ X13665672 MLS® #
Excellent investment opportunity in the heart of downtown Gravenhurst. This detached two-storey property offers approximately 1,440 sq. ft. of finished space, with approximately 720 sq. ft. on each level. The main floor is currently occupied by an established hair salon, with the same tenant in place for over 20 years. The upper level features a self-contained two-bedroom residential apartment with separate entrances. A large backyard provides ample parking and is currently used by both the residential and commercial tenants. Recent improvements include a furnace approximately three years old, along with newer shingles and soffit.Both tenants are currently month-to-month. The residential tenant pays 100% of their hydro. The main-floor salon tenant pays 100% of hydro, 75% of gas, and 80% of water and sewer costs. A versatile downtown property offering established tenancy, on-site parking and a combination of residential and commercial income, all within walking distance of Gravenhurst's downtown amenities. (id:5764)

151 Royal Street, Gravenhurst (Muskoka (S))

Listing courtesy of Chestnut Park Real Estate.