$589,000
$589,000
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10,872 SqFt
SOLD DATE : 02/25/2025
Key Details
Sold Price $589,000
Property Type Commercial
Sub Type Store with Apt/Office,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 10,872 sqft
Price per Sqft $54
MLS Listing ID 40680384
Sold Date 02/25/25
Abv Grd Liv Area 10,872
Originating Board Mississauga
Annual Tax Amount $5,774
Property Sub-Type Store with Apt/Office,Building and Land
Property Description
Unique multi-family investment opportunity located in downtown Gravenhurst. This three storey 5-plex generates approximately $4,425 in monthly rent. Annual property tax estimate is $5,774.26. The property consists of five 2 bedroom / 1 bathroom apartment units and is conveniently located walking distance to all essential services. Strong opportunity for value add buyer to acquire a stable apartment asset with rental upside in a Muskoka market that is under supplied in residential rental. The surrounding area boasts a wealth of amenities, including shops, restaurants, and recreational activities, all within easy reach. Whether you're looking to enhance your real estate portfolio or embark on a new venture, the potential here
Location
Province ON
County Muskoka
Area Gravenhurst
Zoning D
Direction Muskoka Rd. S / First St. S
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 66.0
Lot Depth 165.0
Garage No
Building
Lot Description City Lot, High Traffic Area, Highway Access, Schools
Faces Muskoka Rd. S / First St. S
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 481860038
Ownership Freehold/None
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