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$ 1,499,000
Est. payment /mo
Active
469 BETHUNE DRIVE N Gravenhurst (muskoka (s)), ON P1P1B8
23 Baths
3 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3
Square Footage 3 sqft
Price per Sqft $499,666
Subdivision Muskoka (S)
MLS® Listing ID X12954940
Lot Size 3.080 Acres
Acres 3.08
Property Description
21 room motel and restaurant for sale in the city of Gravenhurst in Muskoka Area, one of the major tourists' attractions. Just 1.5 hours north of the GTA and close to the Trans Canada Hwy 11 exit. The restaurant & pub has been closed since 2024 (it was on lease before). Most of the rooms have been occupied since long time by the customers living there on monthly basis. The current owner has been managing it remotely as an absentee owner since last 10 years with just one employee on site to take care of the property...... Future Potential: Ideal opportunity for the builder/developer/contractor to utilize this 3.08 acres lot and build a new hotel with the city's approval OR to renovate, remodel the existing motel and run as regular motel operation similar to other hotels and motels in the Muskoka area. This location and the property have indeed great income potential for the new owner operator if it's operated as a regular daily motel operation, currently it's underperforming with No online presence or reservation system in place. NOTE: The seller is retiring and selling the entire property in AS IS condition and the new buyer must assume all people living there in each room on the closing. (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
Attached Garage No
Total Parking Spaces 30
Garage No
Private Pool No
Listed by CENTURY 21 PEOPLE'S CHOICE REALTY INC.
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