571 MUSKOKA Road N Gravenhurst, ON$900,000

#40241043

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About the Property

Incredible opportunity to own this successful commercial property in downtown Gravenhurst. The property is currently occupied by a highly desirable tenant, operated as an Animal Hospital. The current lease has a term of 10 years, set to expire May 31, 2031. Rent is fixed Triple Net for the first 5 years. Rent is to be renegotiated for the remaining 5-year term, according to the provisions of the lease agreement. All costs of the property are the responsibility of the tenant. Further details of the lease can be shared with serious buyers upon completion of a confidentiality agreement. The building consists of 2 units (semi-detached) with separate entrances. The first unit is outfitted as an animal hospital. The second unit consists of 2-storeys + basement, 2 bedrooms, 2 bathrooms, and a main floor living space with a full kitchen, dining, and board room. This property provides a secure, low-maintenance investment with plenty of upside potential as the town of Gravenhurst continues to experience strong growth. (id:32937)

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Listing Agent

Tyler Da Costa

Salesperson

(705) 765-7330

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Realtor.ca

Key Information

City: Gravenhurst

Lot Size: 0.2 ac|under 1/2 acre

Property

Property Type

Other

Ownership Type

Freehold

Land Size

0.2 ac|under 1/2 acre

Land Depth

132 ft

Features

Park/reserve

Location

From Hwy 11, head North on Muskoka Rd S. Continue straight on Muskoka Road N. Property on your left hand side.

Building

Basement Development

Unfinished

Basement Type

Full (Unfinished)

Storeys

2

Exterior Finish

Brick

Heating Type

Forced air

Cooling Type

Central air conditioning

Foundation Type

Block

Measurements

Additional Info

Listing Contract Date

2022-04-14

Zoning Description

C1

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