21 ROOM MOTEL For Sale in the city of Gravenhurst in MUSKOKA AREA, one of the major tourists attractions. This motel runs on long-term customer living there on Monthly basis, all rooms always occupied, 100% occupancy throughout the year. Just one employee runs the motel. This location and the property has indeed a great income potential for the new owner if operates as a regular motel with all online exposure. Very low operating costs as just one employee, NO housekeeping, Minimum Supplies, NO online reservations system. Investors own this property since last 8 years and it has been operated the same way by one employee only. The property has a Restaurant as well (it was on lease till mid 2024) currently it is closed. FUTURE POTENTIAL: Ideal location for the Builder/Developer to utilize this 3.08 Acres lot and build a branded hotel or other dream project with the city's approval.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
134121 sq. ft. Acres
Total Area:
3.08 acre(s)1.25 hectare(s)
Retail Area:
0 sq. ft. Sq Ft
Depth:
370'113 m
Frontage:
345'105 m
Bathrooms:
23.0
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Baseboard
Garage:
Outside/Surface
Parking Spaces:
30
Possession Details:
30-60 days
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$9,340.9 /
2024
Assessment:
$- /
-
Gravenhurst
Muskoka (S)
Muskoka
Major Highway
All existing chattels, equipment, furniture etc. in each room belonging to the seller. A full list of chattels and equipment included will be provided after the offer acceptance.
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