LOADING

469 Bethune Drive N Gravenhurst, Ontario P1P 1B8

23 Bathroom 3.079 ac
Fully Air Conditioned Baseboard Heaters

$1,999,000

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:11731)

Business

Business Type Accommodation
Business Sub Type Motel
Name STAR MOTEL

Property Details

MLS® Number X8218750
Property Type Business
Amenities Near By Highway
Parking Space Total 30

Building

Bathroom Total 23
Cooling Type Fully Air Conditioned
Heating Type Baseboard Heaters
Size Interior 3.079 Ac
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway
Size Depth 370 Ft
Size Frontage 345 Ft
Size Irregular 345 X 370 Ft
Size Total Text 345 X 370 Ft
Zoning Description Commercial

https://www.realtor.ca/real-estate/26728803/469-bethune-drive-n-gravenhurst

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September 04 2024 03:55:39

Toronto Real Estate Board

Century 21 People's Choice Realty Inc.