469 Bethune Drive, Gravenhurst, ON P1P 1B8

Gravenhurst P1P 1B8 Ontario

MLS: X12033312

$1,700,000

Added 35 days ago | For Sale

Listed by: CENTURY 21 PEOPLE`S CHOICE REALTY INC.

About Property

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.

Features

  • House Style:Investment
  • Bathrooms:23
  • Land Size: 345 X 370
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:Bethune Dr N & Winewood Ave E
  • Basement: ,
  • Possession Date:30-60 days
  • Annual Property taxes: $9340.9
  • Bedrooms:
  • Total Parking Spaces:30
  • Parking Places:30
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12033312

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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