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