469 Bethune Drive North, Gravenhurst | Image 1

469 Bethune Drive North

Gravenhurst

  • Commercial

$1,999,000
For Sale

Added 3 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 9188.44

  • MLS®#: X8218750

  • Days on Site: 1 Days

  • Added: Apr 08, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: CENTURY 21 PEOPLE`S CHOICE REALTY INC.

21 ROOM MOTEL + 2 APPARTMENTS + RESTAURANT For Sale in the city of Gravenhurst in MUSKOKA AREA, one of the major tourists attracted locations. Restaurant is on lease (current lease is valid for another 2.5 years). This motel runs on long-term customer living there on Weekly or Monthly basis, Currently 100% Occupancy (all 21 Rooms have been occupied since long time). Total 10 Rooms have Kitchen. Current owner has been running it remotely since last 7 years with just one employee on site to take care of the property. This location and the property has indeed huge income potential for the new owner operator if its operated as a regular motel operation. Very low operating costs as just one employee, almost NO housekeeping, minimum supplies, NO online reservations or marketing (meaning property is indeed underperforming and has a great potential to grow) Currently SECURED INCOME from the Motel with almost 100% occupancy + RENT from the Restaurant.

Extras

Seller's instructions: Absent Owner, Limited Showings - Only Once a Week, 24 to 48 hours Notice required because all rooms are occupied. Please Do Not Go Direct without showing confirmation.

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Area: Gravenhurst

  • Availability Date: 30-90 days

Inside

  • Bathrooms: 23

  • Air Conditioning: Y

  • Washrooms: 23

Building

  • Basement: N

  • Heat Type: Baseboard

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 30

Fees

  • Tax Year: 2023

  • Taxes: $9,188

  • Taxes Type: Annual

Land

  • Cross Street: Bethune Dr N & Winew

  • Municipality District: Gravenhurst

  • Parcel Number: 481830058

  • Lot Depth: 370 Feet

  • Lot Frontage: 345 Feet

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 1

  • Retail Area Metric: Sq Ft

  • Total Area: 3.08

  • Total Area Metric: Acres

  • Hours Open: 9Am- 9P

  • Area Influence: Major Highway

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Business/Building Name: Star Motel

  • Financial Statement: Y

  • LLBO: N

JK-8

Muskoka Falls Public School

Elementary: Public
9.20 km
JK-8

Monsignor Michael O'Leary School

Elementary: Catholic
13.30 km
JK-8

Gravenhurst Public School

Elementary: Public
1.36 km
JK-8

Muskoka Beechgrove Public School

Elementary: Public
0.67 km
JK-8

Bracebridge Public School

Elementary: Public
13.20 km
JK-8

Monck Public School

Elementary: Public
13.01 km
9-12

St Dominic Catholic Secondary School

Secondary: Catholic
14.45 km
9-12

Gravenhurst High School

Secondary: Public
1.42 km
9-12

Patrick Fogarty Secondary School

Secondary: Catholic
34.02 km
9-12

Bracebridge and Muskoka Lakes Secondary School

Secondary: Public
15.54 km
9-12

Trillium Lakelands' AETC's

Secondary: Public
13.10 km
9-12

Orillia Secondary School

Secondary: Public
35.58 km
For Sale
1 day ago
$1,600,000
  • 0 bath
  • 0 bed

755 Bethune Drive South, Gravenhurst, Ontario • P1P 1K1 • Gravenhurst