421 Bethune Drive N (40140999)

Gravenhurst

$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:32694)

Key Features
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Details

Property Utilities
Address: 421 Bethune Drive N Cooling: Yes
Gravenhurst, Ontario Heating: Baseboard heaters,,Forced air
MLS® Number: 40140999 Heat Type: ,Electric,
Garage: Yes Sewer: Municipal sewage system
Rooms
Listing Office: RE/MAX HALLMARK REALTY LIMITED, BROKERAGE, MACTIER - M216   |   Data provided by: Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®   |   Last Modified: 16/07/2021 01:09:23 PM   |   POWERED BY SOLDPRESS

Contact

BRACEBRIDGE

Toll Free (855) 646-5592
Phone (705) 646-5592

GRAVENHURST

Toll Free (855) 687-5656
Phone (705) 687-5656

HUNTSVILLE

Toll Free (855) 646-5592
Phone (705) 704-9446

TORONTO

Toll Free (855) 646-5592
Phone (416) 232-1661

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