469 Bethune Drive , Gravenhurst, ON P1P 1B8
Gravenhurst, ON P1P 1B8
Description
21 ROOM MOTEL For Sale in the city of Gravenhurst in MUSKOKA AREA, one of the major tourists attractions. This motel runs on long-term customer living there on Monthly basis, all rooms always occupied, 100% occupancy throughout the year. Just one employee runs the motel. This location and the property has indeed a great income potential for the new owner if operates as a regular motel with all online exposure. Very low operating costs as just one employee, NO housekeeping, Minimum Supplies, NO online reservations system. Investors own this property since last 8 years and it has been operated the same way by one employee only. The property has a Restaurant as well (it was on lease till mid 2024) currently it is closed. FUTURE POTENTIAL: Ideal location for the Builder/Developer to utilize this 3.08 Acres lot and build a branded hotel or other dream project with the city's approval.
Details
| MLS# | X12033312 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 31 |
| Listing Provided By | CENTURY 21 PEOPLE`S CHOICE REALTY INC. | X12033312 059504 |
Features
| Bath(s) | 23 |
|---|---|
| SQ Feet | 134,121 |
| Acreage | 3.08 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Muskoka |
| City | Gravenhurst |
| Postal Code | P1P 1B8 |
| Listing VS Median (In P1P 1B8) | |
Price: $1,700,000 low | high Med: $850,475 SqFt: 134,121 low | high Med: 67,360 $ / SqFt: $13 low | high Med: $7 On site: 31 low | high Med: 56.000000 | |