141 Hotchkiss Street, Gravenhurst, ON P1P 1H6, Gravenhurst, ON, P1P 1H6
MLS: X13085912 | Multiplex
$1,625,000
Property Description
Prime Investment Opportunity in the Heart of Gravenhurst! Exceptional mixed-use income property ideally located in Downtown Gravenhurst, offering a combination of stable cash flow, strong upside potential, and long-term value. This well-maintained mixed use building is an attractive addition to any investment portfolio. The commercial space offers approximately 2,500 square feet of versatile space with store frontage, same tenant for 23 years; C1-A zoning ideal for a variety of business uses in a high visibility Downton location. Above and alongside, the resident component totals approximately 2,600 square feet, comprised of five desirable two-bedroom units, 2 of which have balconies, that continue to generate reliable rental income. Recent improvements demonstrate pride of ownership and reduce future capital concerns, including four year old roof, new staircases, a newer furnace and the recent addition of a new 5th two bedroom apartment that will soon be ready for occupancy and presents immediate income growth. Tenants benefit from convenient on-site coin laundry, while investors will appreciate the strong proforma Cap Rate of 6.2% based on List Price and a consistently increasing revenue stream from this proven asset. The property has been very well maintained throughout, offering a turkey opportunity in majestic Muskoka's most vibrant and growing communities. Whether you are expanding your portfolio or seeking solid first investment, this Downtown Gravenhurst mixed-use property is a smart acquisition with strong income today and upside for tomorrow.
Quick Facts
- Property Type: Multiplex
- Style: 2-Storey
- Bedrooms: 10 (10 above)
- Bathrooms: 6
- Parking: 4.0 spaces
- Lot Size: 0 sq ft (0.0 m²)
Costs
- Annual Taxes: $2,979.70 (2025)
Listing Provided by: Re/Max Professionals North
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Window Unit(s)
- Basement: Finished
Exterior & Construction
- Style: 2-Storey
- Roof: Metal
- Construction: Metal/Steel Siding
- Foundation: Concrete Block
- Sewer: Sewer
Lot & Land
- Lot Size: 0 sq ft (0.0 m²)
- Pool: None
- Zoning: C-1A
Community & Neighbourhood
- Neighbourhood: Muskoka (S)
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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141 Hotchkiss Street, Gravenhurst, ON P1P 1H6, Gravenhurst, ON, P1P 1H6