$1,125,000

For sale

171 Muskoka Road South, Gravenhurst (Muskoka (S)) - Retail for Sale

171 Muskoka Road South, Gravenhurst (Muskoka (S)), Ontario, P1P1X3

3 baths3 parking11,196 ft²42 × 123 ft (5,173 sq ft) lot sizeListed 45 days ago

Overview

This retail property in Gravenhurst is for sale offering roughly 11,196 sq ft of space. It has been on the market 45 days, fresher than the Gravenhurst average of 86 days.

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Description

Downtown Investment Opportunity in Muskoka!!! Located in the heart of Gravenhurst, this property features a versatile commercial-residential space. The prime downtown C1 Core zoned location has high visibility with Main floor retail space of 4,752 sq. ft. plus 450 useable sq. ft. space; Lower level 2,717 sq. ft. commercial space plus 796 sq. ft. utility and storage space; The upper level has two well-maintained residential units in 2,126 sq. ft. Each 2-bedroom apartment has a large living/dining room with a kitchen, bathroom, and separate hydro service are in good condition, offering the opportunity for immediate rental income or to provide on-site living for owner or operating staff. The building has an efficient gas fired boiler heating system; 200 amp electrical service; on municipal water and sewer. The large display windows in the 42 foot wide storefront is ideal for showcasing retail; at the rear is a covered loading dock accessing storage/warehouse area. The interior space is open and bright with 9 foot ceilings, ready for your entrepreneurial vision; whether to continue with retail mixed-use or redevelop for modern commercial and residential building. This is a rare find in the heart of Gravenhurst, the Gateway to Muskoka, serving a vibrant market of tourists year-round, affluent cottage owners, and a growing local community. Seize the opportunity to own a landmark property with proven longevity in a bustling town. (id:66096)

Property Details

MLS®: X13807738
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: C1- Commercial Core
Bathrooms: 3
Parking: 3
Interior Size: 11,196 ft²
Lot Size: 42 × 123 ft (5,173 sq ft)
Frontage: 42 ft
Heating: Hot water radiator heat, Natural gas
Cooling: Fully air conditioned
Property Tax: $8,298/yr
Listed: 45 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

45d

Gravenhurst (Muskoka (S)) listings, avg age

86d

Price / ft²

$100

List price

$1.13M

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.

Haho

This retail in Gravenhurst (Muskoka (S)) has been listed for 45 days, which is 41 days fresher than the city average of 86. Act while there is still low competition.

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Listed by Re/Max Professionals North · HUGH NICHOLS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $1,125,000, about 15.5× the local median household income of $72,500.

Carrying it typically needs a household income of about $219,752 (20% down, 25-yr amortization, stress-tested) — roughly 203% 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)

$1,125,000· $100/ft²

For sale

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Financing

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