469 Bethune Dr N
Gravenhurst, P1P1B8
For Sale
$1,999,000
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With Property
CATEGORY3.08 Acres
TOTAL AREAX8218750
MLSIDContact Us
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.
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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 Details
Category
With Property
Usage
Hotel/Motel/Inn
Zoning
Commercial
Total Area
3.08 Acres
Lot Size
345' x 370'
Taxes
$9,188 (2023)
Parking Spaces
30
Washrooms
23
Air Conditioning
Yes
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Listing contracted with Century 21 People`S Choice Realty Inc.
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