1695-1703 Winhara Road, Gravenhurst (Muskoka (S)) - Business for Sale
1695-1703 Winhara Road, Gravenhurst (Muskoka (S)), Ontario, P1P1R1
This business in Gravenhurst is for sale. It has been on the market 29 days, fresher than the Gravenhurst average of 85 days.
Description
HIGH-PERFORMING COMMERCIAL INVESTMENT OPPORTUNITY WITH SIGNIFICANT UPSIDE. Exceptional opportunity to acquire a well-established, income-producing commercial property generating substantial annual net income, with increasing revenues and substantial potential for future expansion. Situated on an impressive 6.5-acre C3-zoned property with approximately 815 feet of road frontage, this highly visible investment enjoys excellent exposure along busy Highway 11 between Gravenhurst and Bracebridge in majestic Muskoka. The property currently features 168 rented self-storage units totaling approximately 22,351 sq. ft., plus 56 occupied outdoor storage spaces, providing multiple established and dependable revenue streams. Complementing the storage operation is a guest occupied 14-unit Extended Stay Inn totaling approximately 5,757 sq. ft., along with a 672 sq. ft. insulated workshop. Additional income is generated through roof-space rental to a solar collection company and coin-operated laundry facilities. The accommodation component includes 2 renovated apartments, heated by a forced-air natural gas furnace, as well as 12 updated housekeeping/motel-style units with upgraded electrical and plumbing services. Property amenities include an in-ground swimming pool, two wells, two septic systems, and secure perimeter fencing. With strong existing operations, established revenue streams, quality equipment and chattels included, and excellent highway exposure, this property offers a compelling combination of current income and future growth potential. There is considerable opportunity to expand both the storage facilities and Extended Stay accommodations, providing the potential to increase rental income and overall property value and/or add your enterprise. A rare opportunity to acquire a diversified commercial investment with multiple income sources, proven operating history, substantial land, excellent highway visibility, and significant room for future development. (id:66096)
Property Details
- MLS®
- X13865546
- Property Type
- Business
- Business Type
- Transportation and Warehousing
- Zoning
- C3
- Bathrooms
- 15
- Parking
- 80
- Lot Size
- 6.50 acres
- Frontage
- 815 ft
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $16,969.2/yr
- Listed
- 29 days ago
Services
- Water
- Drilled Well, Dug Well
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 29 days on market, against an average age of 85 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Gravenhurst (Muskoka (S)) has been listed for 29 days, which is 56 days fresher than the city average of 85. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P1P)
This home lists at $6,700,000, about 92.4× the local median household income of $72,500.
Carrying it typically needs a household income of about $1,308,745 (20% down, 25-yr amortization, stress-tested) — roughly 1705% above the area median.
- Median household income
- $72,500
- Population
- 11,083
- Median age
- 54
- Owner / renter
- 76% / 24%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA P1P)
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$6,700,000
Gravenhurst