$449,000

For sale

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

230 Muskoka Road South, Gravenhurst (Muskoka (S)), Ontario, P1P1H5

2 baths8,712 sq ft (0.20 ac) lot sizeListed 84 days ago

Overview

This retail property in Gravenhurst is for sale.

Retail Space for Sale in Gravenhurst →All real estate in Gravenhurst →

Description

Investment Opportunity in Downtown Gravenhurst. A unique opportunity in the heart of downtown Gravenhurst. This former theatre, now operating as a retail space, offers approximately 6,613 sq. ft. of commercial space with impressive high ceilings and a distinctive layout that reflects the building's original use. An established tenant is currently in place with a lease extending to September 2027, providing income while a future owner considers the possibilities for the property.Located on Gravenhurst's Main Street, the property benefits from a highly visible downtown location within one of Muskoka's busiest year-round communities and a destination that sees significant seasonal tourism. With its generous square footage, high ceilings and adaptable interior, the building offers considerable potential for future redevelopment or conversion to a variety of commercial or other permitted uses.An intriguing investment for those looking for an income-producing property today with longer-term redevelopment potential in the heart of Muskoka. (id:66096)

Property Details

MLS®: X13665670
Property Type: Retail
Zoning: C1
Bathrooms: 2
Lot Size: 8,712 sq ft (0.20 ac)
Frontage: 66 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $8,170.08/yr
Listed: 84 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

84d

Gravenhurst (Muskoka (S)) listings, avg age

85d

List price

$449K

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 84 days, which is 1 days fresher than the city average of 85. Act while there is still low competition.

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Listed by Chestnut Park Real Estate · KAREN WHITE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1P)

This home lists at $449,000, about 6.2× the local median household income of $72,500.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 21% 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)

$449,000

For sale

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Financing

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