Rare Downtown Gravenhurst Investment & Development Opportunity!!! A true once-in-two-generation offering, this 9,295 sq. ft. commercial/residential building occupies a prime location on the vibrant main street of Gravenhurst. Owned and operated by the same successful furniture and appliance business for an extraordinary 76 years, this property now awaits its next chapter. The Retail Space on two levels comprising 7,169 sq. ft. (3,938 sq. ft. main floor + 3,231 sq. ft. lower level). The Residential Space: has two well-kept apartments totaling 2,126 sq. ft., each with its own kitchen, Bathroom and Hydro service. South Apt. has approx. 1000sqft with 2 beds, 1 bath and in kitchen laundry while North Apt. has approx. 1200sqft with 1 bed + den, 1 bath and a large living/dining room. The efficient gas-fired boiler heating system; 200 AMP electrical service; on municipal water and sewer. 42 feet store front with large display windows ideal for showcasing retail. At rear is a cover loading dock, warehouse storage area, and utility rooms. The interior retail space is open, bright, with 9' ceilings and ready for your vision whether you continue retail operations, create a mixed-use hub, or redevelop for modern commercial and residential use with C1 Commercial Core Zoning. The apartments above are in good condition, offering immediate rental income or on-site living for an owner/operator. This is a rare find in the heart of Gravenhurst the gateway to Muskoka, surrounded by year-round tourism and a growing local community. Seize the opportunity to own a landmark property with proven longevity and unlimited potential.
Address
171 Muskoka Road S
List Price
$1,600,000
MLS® Status
New
Expiration Date
2025-12-24
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
For Sale
Area
Gravenhurst
Sub-Area
Muskoka (S)
Region
Muskoka
Bathrooms
3
Lot Size Source
MPAC
Lot Depth
123
Lot Shape
Rectangular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
42.06
Parcel Number
481910194
Total Building Area
9295
Occupant Type
Owner
Cross Street
Bay St.
Approx. Age
51 - 99 Years
MLS® Number
X12418079
Listing Brokerage
Re/Max Professionals North
Basement
Yes
Postal Code
P1P 1X3
Posession Details
immediate
Parking Spaces
4
Tax Amount
$7,828.00
Tax Year
2024
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Type
Gas Hot Water
Cooling Features
Yes
UFFI
No
Garage Type
Covered
Tax Legal Description
PT LT 8 W/S MUSKOKA RD PL 8 GRAVENHURST AS IN DM214610; T/W EASEMENT OVER PT LT 9 E/S JOHN ST. PL 8 GRAVENHURST PT 2 & 3 35R22310 AS IN MT65186; GRAVENHURST; THE DISTRICT MUNICIPALITY OF MUSKOKA TOGETHER WITH AN EASEMENT OVER PT LT 8 W/S MUSKOKA RD PL 8 G
Security Features
Partial
Sewer
Sanitary+Storm
Business Name
Gregory Eric Knapp & Colleen Alvena Knapp