469 BETHUNE DRIVE N, GRAVENHURST

2024-04-09
 

Quick Summary

Location
469 BETHUNE DRIVE N, GRAVENHURST, Ontario P1P1B8
Price
$1,999,000 CAD
Status:
For Sale
Property Type:
Business
Area:
3ft2
Bathrooms:
23

MLS®#X8218750

Property Description

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. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Highway

Building

  • Cooling Type: Fully air conditioned
  • Fireplace: No
  • Interior Size: 3.079 ac
  • Utility Water: Municipal water

Land

  • Land Size: 345 x 370 FT

Zoning

  • Description: Commercial

Information entered by CENTURY 21 PEOPLE'S CHOICE REALTY INC.
Listing information last updated on: 2024-09-04 03:55:39


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