1695-1703 WINHARA ROAD
Gravenhurst (Muskoka (S)), Ontario
MLS® X13865546
$6,700,000
- Status
- Active
- Property type
- Business
- MLS® number
- X13865546
- Bedrooms
- —
- Bathrooms
- 15
- Year built
- —
Listing description
HIGH-PERFORMING COMMERCIAL INVESTMENT OPPORTUNITY WITH SIGNIFICANT UPSIDE. Exceptional opportunity to acquire a well-established, income-producing commercial property generating substantial annual net income, with increasing revenues and substantial potential for future expansion. Situated on an impressive 6.
5-acre C3-zoned property with approximately 815 feet of road frontage, this highly visible investment enjoys excellent exposure along busy Highway 11 between Gravenhurst and Bracebridge in majestic Muskoka. The property currently features 168 rented self-storage units totaling approximately 22,351 sq. ft.
, plus 56 occupied outdoor storage spaces, providing multiple established and dependable revenue streams. Complementing the storage operation is a guest occupied 14-unit Extended Stay Inn totaling approximately 5,757 sq. ft.
, along with a 672 sq. ft. insulated workshop.
Additional income is generated through roof-space rental to a solar collection company and coin-operated laundry facilities. The accommodation component includes 2 renovated apartments, heated by a forced-air natural gas furnace, as well as 12 updated housekeeping/motel-style units with upgraded electrical and plumbing services. Property amenities include an in-ground swimming pool, two wells, two septic systems, and secure perimeter fencing.
With strong existing operations, established revenue streams, quality equipment and chattels included, and excellent highway exposure, this property offers a compelling combination of current income and future growth potential. There is considerable opportunity to expand both the storage facilities and Extended Stay accommodations, providing the potential to increase rental income and overall property value and/or add your enterprise. A rare opportunity to acquire a diversified commercial investment with multiple income sources, proven operating history, substantial land, excellent highway visibility, and significant room for future development.
Property summary
- MLS® number
- X13865546
- Property type
- Business
- Leasable Area
- 28,780 sq ft
- Land size
- 6.5 acres
- Annual property taxes
- $16,969.20
- Parking
- 80 spaces
- Days on market
- 4 days
Features & details
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- Partially air conditioned
What would this home cost you?
Based on the $6,700,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Re/Max Professionals North, GRAVENHURST.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.