141 Hotchkiss Street, Gravenhurst, ON P1P 1H6
$1,595,000
Prime Investment Opportunity in the Heart of Gravenhurst! Exceptional mixed-use income property ideally located in Downtown Gravenhurst, offering a are combination of stable cash flow, strong upside potential, and long-term value. This well-maintained mixed use building is an attractive addition to any investment portfolio. One commercial unit with approximately 2,500 square feet of versatile frontage space, currently tenanted, C1-A zoning ideal for a variety of business uses in a high visibility Downton location. Above and alongside, the resident component totals approximately 2,600 square feet, comprised of five desirable two-bedroom units that continue to generate reliable rental income. Recent improvements demonstrate pride of ownership and reduce future capital concerns, including four year old roof, new staircases, a newer furnace and the recent addition of a new 5th two bedroom apartment that is ready for occupancy and presents immediate income growth. Tenants benefit from convenient on-site coin laundry, while investors will appreciate the strong proforma cap rate of 6.2% and consistent revenue stream from this proven asset. This property is a turkey opportunity in majestic Muskoka's most vibrant and growing communities. Whether you are expanding your portfolio or seeking solid first investment, this Downtown Gravenhurst mixed-use property is a smart acquisition with strong income today and upside for tomorrow.
Property summary
Property
| Lot size | 0.13 |
| Lot width | 56.6 |
| Lot depth | 109 |
| Lot shape | Irregular |
Building & Loading
| Clear height (ft) | 8 |
Power & Services
| Heating type | Baseboard |
| Sewer | Sanitary+Storm |
| Utilities | Yes |
Zoning & Taxes
| Taxes / yr | $2,980 |
| Tax year | 2025 |
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Data provided by TRREB. Listed by Re/Max Professionals North.