Private Office: Operating in Muskoka Ontario

421 BETHUNE Drive N

Other For Sale in Gravenhurst, Ontario

$1,299,000

Solid Investment Property - First Time Offered. Building only For Sale. Constructed and maintained with pride of ownership. Zoned C2 Mixed Residential/Commercial 9 unit Building; 7 Residential Apartments and 2 Commercial Units. This 2-storey structure has a 5000 sqft footprint, a total of 9600 SqFt, slab-on-grade, block construction, roof shingles 2021, and is fire code compliant. Five of the seven residential apartments have renovated kitchens, bathrooms, and flooring. Each unit has a dedicated water heater, and Hydro is metered separately. The C1 & C2 Commercial/Retail spaces are leased by 1 successful tenant providing home care medical equipment. The expanse of plate glass commercial storefront windows has been replaced. This optimal location has strong exposure on Bethune Drive N; a high traffic thoroughfare to downtown Gravenhurst with easy access to Highway 11, the Muskoka Airport, and a 90-minute drive from Highway 401, Toronto. A manager has lived onsite since 1996 and is open to discussion for future maintenance. This building has been well managed, has a reliable tenant mix, and is responsibly maintained. Experienced, discerning investors will appreciate this solid, passive investment opportunity. (id:4069)
Address 421 BETHUNE Drive N
List Price $1,299,000
Property Type Other
Area Ontario
Sub-Area Gravenhurst
Lot Size 0.368 Ac.
Year Built 1984
MLS® Number 40140999
Listing Brokerage RE/MAX HALLMARK REALTY LIMITED, BROKERAGE, MACTIER - M216
Basement Area None
Postal Code P1P1S1
Zoning C2
Site Influences Airport, Beach, Golf Nearby, Place of Worship, Playground
Features Visual exposure, Golf course/parkland, Beach, Crushed stone driveway

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Suzanne Martineau

RE/MAX Hallmark Realty Ltd Brokerage

Head Office: 170 Merton Street Toronto ON M4S 1A1

Mobile: (705) 706-3329

Office: (705) 765-6801

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