Active
469 BETHUNE DR N
Gravenhurst Ontario, P1P1B8
$1,999,000
Active
23 Baths
Commercial
Courtesy of CENTURY 21 PEOPLE'S CHOICE REALTY INC.
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:41202)
X8218750
MLSⓇ ID
April 8, 2024
Listed
May 9, 2024
Updated
Map
469 BETHUNE DR N
Gravenhurst Ontario, P1P1B8
Interior Features
Total Bathrooms
23
Fireplace
No
Cooling
Yes
Cooling Description
Fully air conditioned
Heating
Yes
Heating Description
Baseboard heaters
Exterior/Building Features
Other Property Details
Garage
No
Parking Total
30
View
No
Pool
No
Courtesy of CENTURY 21 PEOPLE'S CHOICE REALTY INC., NIRAJ PANCHOLI,
Listing Contact: (647) 866-2790
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