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Jeffrey Sefton
REAL Broker BC - Okanagan Home Team
info@okanaganrealestatesearch.com +1(778) 235-4501$1,700,000
Est. payment /mo
23 Baths
3 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3 sqft
Price per Sqft $566,666
Subdivision Muskoka (S)
MLS® Listing ID X12033312
Lot Size 3.080 Acres
Acres 3.08
Source Toronto Regional Real Estate Board
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 30
Private Pool No
Read Less Info
Listed by CENTURY 21 PEOPLE'S CHOICE REALTY INC.