Message Number399451
statusSold
Subject LineIn the heart of booming Muskoka, income 9.5 CAP, 5,000 sq. ft. in buildings on 4.43 acres ready for further development, $1,150,000, high visibility & traffic.
Business area
Canada
Ontario
Greater Toronto area
Northern Ontario
Muskoka
Location, CityGravenhurst
Have/WantHave
Business categoryCommercial Buildings/Hotels/Motels
Date of ListingJuly 5 2021
Type DescriptionInvestment property
LocationMuskoka
Price$1,149,000.00
Size3.25 acres
Building area5000
ZoningC3
Net Income$95,000
Cap Rate9.5
CommentsSold Conditionally! Income investment Opportunity! High visibility, high traffic 4.43 acres commercial property with over 5,000 sq. ft. building for your entrepreneurial use or development, conveniently located in the Highway 11 corridor just south of Bracebridge in the heart of majestic Muskoka. The building was designed for use as 10-unit motel plus a owner/manager residence, detached workshop/garage, Bunkie and swimming pool for which currently operates as a 12 unit middle term rental accommodations with 9.5 CAP. It is near turnkey ready for a motel business; just add signs. The versatile C3 zoning allows for an investor with vision to develop the land and buildings to a higher and better use. Ideal exposure for a dealership
Internet Links
Member Identifier4912
ControlMLS
NameHugh Nichols
TitleBroker, SRS, ABR, ASA. IRES
Company NameRe/Max Professionals North Brokerage
Address Line One405 Muskoka Rd.S. Unit B
CityGravenhurst
State/ProvinceOntario
Zip/Postal CodeP1P 1J8
CountryCanada
Business Phone Number(705)394-6655
Cell Number705-394-6655
Home Number705-394-6655
Email AddressSend Email
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